Every time I read about the “active vs. passive debate” I can feel my blood pressure go up.
In investing, often your friends turn out to be your enemies. You need to know the difference.
Buffett is surprised that only his friends of modest means follow this advice. His wealthier friends, institutions and pension funds, reject it.
Few dispute the likelihood of a financial crisis in the future. No one can tell you when this crisis will occur or how severe it will be. Since you can’t rely on the financial media, how should you prepare?
We’ve all had experience with the alpha male prospect. He is supremely self-assured. His confidence is not confined to his area of core competence.
Trying to find a “hot” stock is like looking for a needle in a haystack.