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FRED SCHWED JR.
Quote of the day by Fred Schwed Jr: "The principle of “managed” investment trusts is absolutely sound, granted only one premise. The premise is that there are somewhere people of such experience and insight that they can predict with some sort of accuracy the future behavior of securities"Fred Schwed Jr. questions the premise behind professionally managed investments: that experts can predict securities’ future behaviour with...- Quote of the day by Fred Schwed Jr: "Most financial principles and theories have a degree of good sense to them. It may be a large degree, but it never comes close to being absolute."Financial theories offer valuable guidance but are never absolute, as Fred Schwed Jr. wisely noted. From diversification to valuation, ever...
- 18 books billionaire Warren Buffett thinks everyone should readWhen Warren Buffett started his investing career, he would read 600, 750, or 1,000 pages a day. Even now, he spends about 80% of his day re...
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