Most of the time. In my Charts of the Day, we see that most endowments regardless of size fail to beat the standard 60/40 model over the long-term. As Ben Carlson outlines in his article, most of the times simple is better than complex. I will add especially on Wall Street. Stay Tuned, Disciplined &
From Seth Klarman – January 2020 “How ought one navigate an environment such as today’s? With great patience and strict discipline. Every position in the portfolio must offer the prospect of compelling rewards for the risks incurred. One must be vigilant to spot adverse developments and identify flawed theses, and be unemotional in taking appropriate
According to a new report from research firm Waste Business Journal (yes I subscribe), the United States is estimated to have 18 years of remaining landfill capacity left in 2020. The need for cost-effective, sustainable and quantifiable landfill diversion solutions has never been more pressing. In the words of Perry Moss, Co-Founder and Chief Advisor
Unbelievable update on this Chart of the Day. High P/E stocks beat Low P/E by MORE in the last 10 years than they did in the 10 years to the Dot.com. In short, this comes down to owing Financials & Healthcare VS. Technology and Consumer Discretionary. This will give you your Growth vs. Value decision.
It only costs $10,000 to purchase a Chick-fil-A franchise, but here is the rub: According to Chick-fil-A, 60,000 people apply to be operators every year — and only ~80 are selected. With a 0.13% acceptance rate, it’s harder to become a Chick-fil-A franchisee than it is to get into Stanford University (4.8%) or get a