An extensive study of the performance of IPOs in the aftermarket showed underperformance over short and long term periods studied.
I’ve found it fosters a series of mistaken beliefs, that prevent you from gathering more AUM.
I often wish I could follow the advice in Bobby McFerrin’s hit song, Don’t Worry, Be Happy. These days, I find it particularly challenging.
It’s important for you to be aware of the latest research on happiness, which is useful in your own life. Who doesn’t want to live a long time and be happy?
Over a 15-year period, more than half of actively managed funds go out of business or are merged. Many rankings don’t include these funds.
There’s broad agreement curiosity is a valued trait. Yet, many advisors don’t exhibit it. This lack of curiosity is, in my experience, the primary reason why those advisors are not reaching their potential.