“If we try to run the economy for the benefit of a single group or class, we shall injure or destroy all groups, including the members of the very class for whose benefit we have been trying to run it. We must run the economy for everybody.” Hazlitt, 1949
@QTRResearch Wish someone helped out an 86-year founder who stepped away from day to day a decade ago. GMO benchmark free dating back to 2003 is 5-star by Morningstar and is up 10% and 24% YTD and T12. Their Quality ETF beats S&P and peer group on T12. One can be bearish and find value...
@hendry_hugh Poetic and beautiful. I smiled at the end. Thank you. Can't wait for the next camp. Not sure about #3 though. That "fresh equity" from passive retail is going to cash out PE/VC. Have you seen Mike's writings about NASDAQ rule changes? Just curious...
@BobEUnlimited@BenSanf0rd More like the final sale didn't mention "liquidity" period. Retail investors at major firms don't know any of this lingo. There were 2-3 solicitation emails to FA's per week for the last 5 years. Put your clients into this, the best risk-adjusted double-digit return.
@RentYourStocks I don’t mean no disrespect… everyone knows what comes next. You are commenting on sth you know nothing about. Every one has the right to their opinion, but when you proceed with a generalization starting with “any athlete…” that’s over the line and ignorant.