Sublime

suggested that Kris—who was 35-years-old at the time—should keep things simple: buy the broadest stock index he could for his US exposure, the broadest international index he could for his “world” exposure, and a total bond market index fund that approximated his age. I call it the Global Couch Potato Portfolio. Here’s the allocation I recommended:

When asked if private investors can draw any lessons from what Harvard does, Mr. Meyer responded, “Yes. First, get diversified. Come up with a portfolio that covers a lot of asset classes. Second, you want to keep your fees low.

Pabrai coined a motto that summed up this type of bet: “Heads, I win. Tails, I don’t lose much.”

Entering a slow-moving market can be a good strategy, but only if you have a definite and realistic plan to take it over.

I don’t like to label myself anything. I’m the dumbest guy in the room and happy to stay that way. Then everyone else can fight. I can listen and learn. Politics is a Scam – Why I Will Never Vote Again I had five seconds to make the secretive most powerful man in the world like me so I could potentially make millions. “James,” Bill McCluskey said t

Don’t believe everything you hear.

At the time of writing, pension funds and insurance companies in the United States and in Europe somehow bought the argument that “in the long term equities always pay off 9%” and back it up with statistics. The statistics are right, but they are past history. My argument is that I can find you a security somewhere among the 40,000 available that w