An anomaly is an excess return that cannot be explained by exposure to risk.
The next time some slick salesperson points to the P/E ratio and tells you it’s a great time to buy stocks, ask to see their earnings.
Father Time is unforgiving to those who wait.
Demographics are the silent stalker on economies because they move so slowly that they’re easy to ignore.
Two of the main reasons people sell stocks is because they go up and because they go down.
You can’t tell whether your ideas are valid unless you let them be challenged.
The capacity for smart beta funds is larger than previously thought
Forward one-month returns of 5-star funds were 0.09% higher than those of 1-star funds, or 1.03% annualized.
Allow competing ideologies into your portfolio
I met Warren through Charlie
“You’re better off knowing what ETFs own your stock than what this company even does.”
In spite of the founder’s noble dream of an informed public, the American political landscape has never been able to sustain itself as a place for sound deliberation.