Sublime
An inspiration engine for ideas
The fund, now managing $10 billion, had posted average returns of about 45 percent a year, after fees, since 1988, returns that outpaced those of Warren Buffett and every other investing star. (At that point, Buffett’s Berkshire Hathaway had gained 20 percent annually since he took over in 1965.)
Gregory Zuckerman • The Man Who Solved the Market
Even hyperactive investors seem to believe in indexing strategies. Here’s what James J. Cramer, money manager and host of CNBC’s Mad Money, says: “After a lifetime of picking stocks, I have to admit that Bogle’s arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle’s wisdom and common sense [are]
... See moreJohn C. Bogle • The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)
Picking securities is not an easy game—for anyone.148 Every investor thinking about winning at trading securities must ask who’s on the other side of the exchange. When you’re buying, someone’s selling. And when you’re selling, someone else is buying. What do they know that you don’t? In fact, do you even know who “they” are? It could be a hedge
... See more