Quote:
Originally Posted by dogmoon
No more finance posts from me.
1. Index funds beat an index of active mutual fund managers, hedge funds by wide margin.
2.
http://www.multpl.com/shiller-pe/ markets might be overvalued, but so is the dollar which loses 6-10% of value every year.
3. Would you rather own a piece of every business in your home town, including terrible businesses, or would you rather own a group of those businesses that were owned by the most successful businessman in your town's history?
Most of the "successful" businessmen are like Ackman, Romney, Buffet, and Jobs. If you own companies by these clowns, Ackman may take out a hugh insider warrant position in Borders and watch it go bankrupt, you might be a successful investor in HCA or HNZ before jerks Buffett and Romney think they are gods and can use majority rule to take away the shares of the small investors, then you got a clown like Jobs who got lucky after being fired. Let along the massive fees these successful businessmen charge. I much rather own a company that is losing sales and has negative earnings in the bad part of town as they can improve.
4.
http://www.cnbc.com/id/102004254
Last edited by steelhouse; 09-16-2014 at 12:27 PM.