We can only track the progress of equity markets in hindsight
Of the nearly 2,000 active equity funds that began the 10-year period, only 300 proceeded to beat a comparable ETF after fees and taxes. That’s a 16% beat rate for the cheapest class of active stock funds.
The raw materials they use in order to “produce” their product is also known as your retirement savings
A little more than 1% of the population traded stocks in 1929
If you have problems in your business, you can’t hide them.
What will always be true.
By Nick Maggiulli
It’s easy to get buried in our stuff.
Private equity firms have benefitted over the last 25 years from a major tailwind: private equities were cheaper than public equities
The signals for what will trigger the next crisis have probably already appeared, and that human nature has once again kept us blind to their warnings
The longer it’s been since the last crash, the greater the anticipation builds.
You know how in America, there’s always an older guy wearing like EVERLAST sweat-shorts at the court? That guy is always a problem. His J is always wet.
You don’t have to have a relationship with someone for them to become your mentor
That series literally felt like two months
Wait a second I have to stop you- what is that watch?
Chicago, this is a bad idea.
I’ve been in this argument a thousand times. Won them all and convinced nobody
Medieval men were rarely aware of which century they were living in.