The city’s cost of living was by far the highest among 821 school districts in the state, but its average teacher pay ranked No. 528
For funds that hold exotic assets like palladium however, quirks in the underlying market can often lead to more unpredictable patterns
After 16 years of trading, today is my last day.
In the great cost migration, nothing is safe
Higher index fund returns do not always equate to higher returns for index fund investors
That fact has to count for something.
The issue is that it is far easier to memorize a simple catch phrase that looks good retrospectively, than to act on the same advice in the moment.
The active fund industry earns 94% of all revenue globally.
As data becomes commoditized, behavioral intelligence becomes a deeper source of competitive advantage.
The events of 2016 contradicted a basic assumption about financial markets.
While they are transparent to experts, to most investors they are effectively opaque magic.
Large drawdowns create strong emotional responses even for investors who can, at least on paper, weather them.
Iguodala can get “deal flow” because Andreessen vouches for him and because he’s a Golden State Warrior.
Once Woj tweets it, its real.
The skin in the the game they have is very cosmetic.
If Money doesn’t make you happy, I’d like to find that out first hand.
On the sell side you’re paid to say yes, on the buy side you’re paid to say no.
Hubris tends to sell, but humility tends to survive.
It’s been the most predictable Fed we’ve ever had.
we know what 65 years of 20% average annual compounding does- it turns $100 into $14 million.