We focus a lot on the basis points and probably not enough on the percentage points.
So we write 2,000 books on how Buffett sizes up management teams when the biggest and most practical takeaway from his success is, “Start investing when you’re in third grade.”
In short, nobody really knows.
Fear is loud. Evidence is quiet
What if you’re right?
Annual returns came in below 4 percent in 12.5 percent of all rolling 10-year periods in this time frame.
We shot Whiplash in 19 days.
The exchanges are purposefully breaking the system and then selling the solution.
I got disenchanted with the virtue of selfishness.