Volatility in investing can be a great thing. The attraction to Bernie Madoff's scam can be better understood by its lack of volatility. His funds showed annual returns of an eerily consistent 10-12% and at one point reported 72 consecutive months of posi ...
Some call them 'clients,' others, 'guests' or 'customers.' Costco (Ticker: COST, revenue $141B) calls them 'members,' a term that makes you feel like you're part of a special club. It's a club that will not sell you junkExcept bananas. Their bananas are ...
Markets price goods and services. They also set prices for the value of businesses and offer weighted opinions on political outcomes--they aggregate our revealed preferences. Financial valuation uses multiple approaches to estimate the value of a compan ...
Mothers and psychologists remind us that we have a built-in bias to do what's easiest or to follow the path of least resistance. Water and electricity are like this. We are naturally lazy so to stick to an exercise plan, it should be something we like, wi ...
In 2008 Warren Buffett made a bet against active investing, or more specifically the active-active, triple-fee side of investing, the hedge funds of funds. This group charges fees for placing money with hedge funds, who typically charge their own two type ...
