奔跑的蜗牛? (468513571)

Actually, it is so difficult to do that no matter how skillful the investor, it makes it impossible to obtain even a fraction of the “batting average” for selecting outstanding companies that can be attained if judgment is confined to established operations. All too often, young promotional companie

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Investment management, as traditionally practiced, is based on a single core belief: Investors can beat the market, and superior managers will beat the market. That optimistic expectation was reasonable 50 years ago, but not today. Times have changed the markets so much in so many major ways that th

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recast:farcaster://casts/0xf5348a0da6badd1c2f51f60b1da1102d9cb4e8820adf50eec2d42839c1d74968

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are not seeing in this figure the “hockey stick” curve of exponential growth with constant high rate of

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