@TripleDTrader Be careful not to conflate trades done at the close (which must be reported at or shortly after the close) with trades that use the closing price as a reference (which are reported immediately when they are made, even if at 4:30, 5:00, 6:00, etc. )
Without Markowitz' work our industry would look very different today. Diversification and even indexing would likely be considered fringe ideas. Huge fund complexes and managers that use those strategies might not even exist. Even now his 1952 "Portfolio Selection" is a must-read
Lovely obit of Harry Markowitz, who developed modern portfolio theory in his '52 article: to maximize returns under risk aversion, buy negatively correlated assets in a particular way. An idea so novel & useful it's hard to see what people did prior to it! https://t.co/CldHP1gJrJ
@jgreco Prices for everything in the Hamptons are even more nuts than usual this year. Bought an apple pie at the new “hot” bakery Carissa’s in Sag Harbor yesterday: $48.00. (Not a typo!) If I didn’t need it for a party gift at that moment I would have walked out.
This is just a taste of @JakeBrownRadio ranting from tomorrow's episode of the @AmazinButTrue podcast. You're gonna wanna give a watch/listen to this one. It drops at 5am on every major podcast platform.
To all my Twitter friends, I've accepted the role of CEO of the Long Term Stock Exchange. I couldn't be more excited to be part of a marketplace with different values, supporting and highlighting our nation's great sustainable companies. https://t.co/f1e0zastEI