Favorite Reads, vol. 4
"I counted sixty-four of the latest Forbes 400 who dropped out of college, or never went. That group had an average individual net worth of $4.8 billion, which was twice the average of Ivy League grads in the 400. That number is almost 3 times higher than the average of the entire 400."
A data-driven comparison of the 90's tech bubble to the rise of Facebook, Apple, Amazon, Microsoft, and Google.
Refreshing commentary on smart ways to invest, and ways to make sure you don't make "dumb" mistakes.
If you haven't listened to Animal Spirits before, you're missing out. Michael and Ben are smart and entertaining. I enjoy hearing their take on the latest market news, studies, blogs, and occasionally pop culture. Here are some excerpts...food for thought:
- Michael: "As of February 2018, the seven largest mutual funds and ETFs by assets under management are all index funds."
- Michael: "On average, only three stocks in the top ten list when ranked by global market cap remain on the list ten years later."
- Ben, on beating the market: "You just need one Amazon to offset all those other losers."
- Ben: "Liam Neeson is the index fund of Hollywood - you know exactly what you're going to get."
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