A weekly commentary on current events. Follow populyst to receive notification.
This week: 2021 Good or Bad; SPACs Frenzy; Cryptocurrencies.
Read moreA weekly commentary on current events. Follow populyst to receive notification.
This week: 2021 Good or Bad; SPACs Frenzy; Cryptocurrencies.
Read moreA weekly commentary on current events. Follow populyst to receive notification.
This week: Lord Inequality; Inflation; Demographics as a Predictor.
Read moreA weekly commentary on current events. Follow populyst to receive notification.
This week: Facebook Under Fire; Spring Rotation; Virus Fatality Rate; Secession.
Read moreA weekly commentary on current events. Follow populyst to receive notification.
This week: Gold price; Coronavirus – USA; Market risks; Beirut explosion.
A weekly commentary on current events. Follow populyst to receive notification.
This week: US coronavirus deaths; Out of China and into Africa?; Tesla rocket.
A weekly commentary on current events. Follow populyst to receive notification.
This week: The media’s second wave; Case fatality ratio; The coming meltup.
QE had a lot to do with it.
Active fund manager billionaires Warren Buffett and Charlie Munger have been critical of active fund manager millionaires for their very high fees and chronic underperformance. It is not unusual for the ultra wealthy to trash the merely wealthy for their avarice. After all, ultra wealth is so rare that it can be seen as an act of God, whereas mere wealth is the product of human toil and vanity, arduous and earthly.
Buffett and Munger are all-in on their recommendation that investors should dump active strategies and instead invest in passive indexed mutual funds or ETFs that simply mimic the S&P 500. Although this is a popular line among many seasoned investors, it has been getting long in the tooth and has turned what was once a good idea into a crowded trade, with hundreds of billions of dollars shifting from active to passive.
In our view, Buffett’s advice represents last year’s thinking. This year’s thinking, we argued previously, should be that passive funds are merely free-riding active funds and that past a certain market share, passive strategies will bite investors as badly or worse than active ones. Continue reading at Seeking Alpha >>>