No invention has been more disruptive to the asset-management industry in the last quarter-century than the exchange-traded fund.
Systematic, rather than faith-based.
So are all liquid alternative funds bad?
Staying cheap is not hard. Staying number 1 most certainly is.
Successful investing requires not only a smart plan but also a positive outlook.
They won’t be able to access their virtual cash the moment a catastrophe knocks out the power grid or the web, but that hasn’t dissuaded them.
Barstool is their safe space.
Experience is important, not to the detriment of open-mindedness
Uncertainty is ever-present.
447 stock market anomalies.
The reason you’re getting paid these excess returns is because you’re eating something that stinks, i.e. risk.
Think about the guy who invented vanilla. He don’t get credit for shit.
I study these companies not with an intent to invest in them, but to learn from them.
Sometimes shit just doesn’t work.
There’s no reason to be going all in or all out on any decision ever.
They were securitizing 12B-1 fees.
The chief business of the executive had become the distribution of patronage.