“Markets are efficient, but there are different dimensions of risk and those lead to different dimensions of expected returns. That's what people should be concerned with in their investment decisions and not with whether they can pick stocks, pick winners and losers among the various managers delivering basically the same product.” PeopleShouldDifferentDecisionRiskProductsReturnPicksConcernedInvestmentInvestingVariousExpectedManagersWinnerDimensionsLoserEfficientDeliveringWinner And LoserDifferent Dimensions Author:Eugene Fama
“Getting an unsophisticated client was the golden prize. The quickest way to make money on Wall Street is to take the most sophisticated product and try to sell it to the least sophisticated client.” WayTryingStreetsProductsWallSellsInvestingGoldenMaking MoneyPrizeClientsSophisticated Author:Greg Smith
“The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.” PeopleWayGivingYearsTwoWholeTodayTogetherGuyValuesThreePoorFourProductsTerriblePercentBasesManagementInvestmentInvestingFundMutualPercentagesLike SomethingBuyersMoney ManagementGeneral PublicFunny BusinessBrokersMutual FundInvestment Management Author:John C. Bogle
“The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment.” WellsEnvironmentInformationProductsSafeCrisisInvestingFinancialCurrentsProfitableFinancial CrisisNew Products Author:Jeremy Siegel
“Smart tech investor thinks about: a) future product roadmap, b) bottoms-up market size & growth, c) talent and skill of team. Essentially you are valuing things that have not yet happened, and the likelihood of the CEO and team being able to make them happen. Finance people find this appalling, but investors who do this well can make a lot of money.” PeopleThinkingWellsHappensAbleGrowthHappenedTeamTalentProductsSkillsSmartBottomInvestingSizeFinanceInvestorsLots Of MoneyCeoLikelihood Author:Marc Andreessen
“If users are not doing what the designer intended (when users are investing time, effort, etc in your product), the designer may be asking them to do too much.” IfsMayEffortToo MuchProductsAskingInvestingDesignerEtcUsersTime Effort Author:Nir Eyal
“Our Government is fostering economic growth in Kitchener, Cambridge and all of the Waterloo Region by investing in our innovative businesses. Today's announcement is a great example of how we are helping high-potential companies bring great ideas to market faster. Helping our entrepreneurs and original thinkers export their products and services to the rest of the world creates jobs, growth and economic prosperity here at home.” WorldIdeasHelpingHomeGovernmentTodayJobsGrowthCompanyEconomicExampleProductsOriginalsEntrepreneurInvestingProsperityFasterRegionsThinkerInnovativeEconomic GrowthGreat IdeaAnnouncementsCambridgeFosteringWaterlooEconomic ProsperityJob Growth Author:Gary Goodyear
“We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.” PeopleWritingBookHardSchoolSuccessMoneyBusinessTeachProductsHard WorkSelf ImprovementInvestingBusiness Success Author:Robert Kiyosaki