Winter is coming here and Christmas is coming. Jason Zweig, Investing Columnist at WSJ’s blog Total Return, published a post about “best books for investors” he would be comfortable with decades from now. I think he did a great list, I did not know a few books (How to Lie with Statistics and Surely You’re Joking, Mr. Feynman!). Link.
What is good for Wall Street is not necessarily good for investors, and vice versa. Wall Street firms perform important functions for our economy: they raise capital for expanding businesses and (sometimes) provide liquidty to markets. Up-front fees clearly create a bias toward frequent, and not necessarily profitable, transactions. Investors even remotely tempted toContinue reading “Notes Chapter 2: Margin of Safety”