I got a lot out of this chitchat - Thanks so much Meb for the gems. I subscribed to Excess Returns! "Better to be Rip Van Winkle than a Nostradamus " - be prepared instead of trying to guess what is going to do well Please do an episode with Meb focusing on Trend Following strategies for retail noobs "To be a good investor you have to be a good loser" - Every investment makes you richer or wiser , never both! Diversification looks silly when 5-7 securities deliver 85% of returns over a decade I'll contribute a quote for your listeners - It is easy to be Contrarian unless you need to make money from doing so!
Meb just my 2 cents. I think you are a confused individual. Maybe you just had a bad day. Please don't speak off the cuff when referencing factual data. If you don't know the answer, it's OK to say "I don't know, but I will find out." Too many sell side custodians are quick to arrive at a conclusive opinion without any factually defensible support. I cannot access console quality data on a whim,, but I do have the means to get it with a bit of work and money. This is the the pre-AI version of data collection. It will only improve. I only have to study 35-45 positions and one portfolio. Please don't forget there are other people out there ( even some retail investors) who can interpret data as well as you.--mostly because they have more focused time than you or your company can dedicate to one client or portfolio. There's a reason you get so much feedback. I hope the ratio changes for you. I believe you need an impetus to reconsider your model. Either way---good luck to you.
Asset allocation isn't that hard. You just have to adjust for rise and fall of interest rates for the ratio of fixed income vs stocks. Precious metals/commodities can be increased or decreased based on P/E of stocks. There definitely isn't a way to outperform the market with a "set it and forget it" strategy with such an activist Fed and super high government debt levels.
If you start with science for financial reasons and discover that making money in finance is more effective... Guess where scientific thinking leads you to.
Finance is productive when done right. When done right it is about allocating capital efficiently so that smart things that people want get more money. Of course, often it doesn't work out that way :)
![fellow fellow - พรุ่งนี้ไม่มีใครรู้ feat. INK WARUNTORN [OFFICIAL MV]](http://i.ytimg.com/vi/QP6JyjYx_W0/mqdefault.jpg)
I got a lot out of this chitchat - Thanks so much Meb for the gems. I subscribed to Excess Returns!
"Better to be Rip Van Winkle than a Nostradamus " - be prepared instead of trying to guess what is going to do well
Please do an episode with Meb focusing on Trend Following strategies for retail noobs
"To be a good investor you have to be a good loser" - Every investment makes you richer or wiser , never both!
Diversification looks silly when 5-7 securities deliver 85% of returns over a decade
I'll contribute a quote for your listeners - It is easy to be Contrarian unless you need to make money from doing so!
MEB Everything, all the time (watching). Life in the fast lane.
I know it wasn't a flex but it sounded like such a flex when he says he was having dinner Sith sharpe
🎉 Good show. New subscriber.
Thank you for your feedback AND for subscribing.
Meb a legend 👏👏👍
Meb just my 2 cents. I think you are a confused individual. Maybe you just had a bad day.
Please don't speak off the cuff when referencing factual data.
If you don't know the answer, it's OK to say "I don't know, but I will find out." Too many sell side custodians are quick to arrive at a conclusive opinion without any factually defensible support.
I cannot access console quality data on a whim,, but I do have the means to get it with a bit of work and money. This is the the pre-AI version of data collection.
It will only improve.
I only have to study 35-45 positions and one portfolio. Please don't forget there are other people out there ( even some retail investors) who can interpret data as well as you.--mostly because they have more focused time than you or your company can dedicate to one client or portfolio.
There's a reason you get so much feedback. I hope the ratio changes for you.
I believe you need an impetus to reconsider your model. Either way---good luck to you.
Sub 1000subs is way off for this gold. Can the gang do some Canadian content? Greetings from Toronto
He always wears a hat though 🤷
He is bald
Asset allocation isn't that hard. You just have to adjust for rise and fall of interest rates for the ratio of fixed income vs stocks. Precious metals/commodities can be increased or decreased based on P/E of stocks. There definitely isn't a way to outperform the market with a "set it and forget it" strategy with such an activist Fed and super high government debt levels.
How do you invest for the long-term? Just follow Buffett. Duh.
No one better. Or just buy Berkshire.
So sad how many smart people started with science and then went to non productive finance 🤮🤮🤮😖
If you start with science for financial reasons and discover that making money in finance is more effective... Guess where scientific thinking leads you to.
Finance is productive when done right. When done right it is about allocating capital efficiently so that smart things that people want get more money. Of course, often it doesn't work out that way :)