Investing is one of the only venues that offer daily opportunities for extreme rewards
The assets under management for the U.S. taxable bond mutual fund and ETF universe have gone from about $380 billion in 1993 to roughly $3.8 trillion today
They only work when we do not know in the least who or what they are
Don’t try to win. Just survive.
Everyone is too well-informed to be happy.
Mean variance optimizer is an error maximizer
Less than 5% of sports fans go to games
You’re gonna be the best worst comedian that ever existed
Late-stage tech had an internal rate of return of 68 percent between 1994 and 1999