You walk into a restaurant, get seated, and you’re handed a book. It’s the menu…
“If fees consume more than 1% of your assets annually, you should probably shop for another adviser.”- The Intelligent Investor (1949) by Benjamin Graham, Warren Buffett’s professor and mentor
“The grim irony of investing is that we investors as a group not only don’t get what we pay for, we get precisely what we don’t pay for.”
- John Clifton ‘Jack’ Bogle, Founder of Vanguard, which now manages US$4.5 trillion
Thank you for participating in our Yayoi Kusama ‘count the dots’ market efficiency challenge last week. The results were surprising: