In doing so, he junked the old-school investment principle that no matter what your timeframe, a good investor will traditionally choose a broad balance of equities, bonds and other ideally non-correlated assets. In short, a good investor diversifies risk.Article content
Markowitz could not have known quite how influential his thinking would prove. Among other things, he helped turbocharge a previously modest mutual-fund industry. By the end of last year, according to data provider Statista, US$27 trillion was invested in mutual funds in the United States alone, with a further US$7 trillion in exchange-traded funds.
Though the scale and speed of the student’s spoils attracted particular attention, he is really just a poster boy for the meme-stock generation of investors, who have spent the past couple of years looking for big quick wins from buying and selling undervalued stocks or hyping and dumping crypto coins, often with borrowed money.
Gambler, he made 4x lol…people who were in GME early made closer to 15-20x
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Source: financialpost - 🏆 7. / 85 Read more »
Source: financialpost - 🏆 7. / 85 Read more »