Quote for the Week
Almost all of the information in the investment management business is oriented toward purchase decisions. The competition in making purchase decisions is too good. It’s too hard to outperform the other fellow in buying. Concentrate on selling instead. In a Winner’s Game, 90 percent of all research effort should be spent on making purchase decisions; in a Loser’s Game, most researchers should spend most of their time making sell decisions. Almost all of the really big trouble that you’re going to experience in the next year is in your portfolio right now; if you could reduce some of those really big problems, you might come out the winner in the Loser’s Game. — Charles Ellis
From the Archives
Last Call
- What Makes a Great Investor? – C. Bilello
- Investing for Immortals – Klement on Investing
- Timing the Market: Why It’s So Hard, in One Chart – Visual Capitalist
- In Search of Safe Havens: The Trust Deficit and Risk-free Investments! – Musings on Markets
- How Inflation Befuddled Everyone – J. Rekenthaler
- Your Memory is Lying to You – Infinite Loops
- What if Generative AI turned out to be a Dud? – Marcus on AI
- What the Heck Happened in 2012? – Intrinsic Perspective
- A Living History of The Humble Paper Airplane – Popular Science