Thursday, January 28, 2016
Think Different
To make money, you must find something that nobody else knows, or do something that others won’t do because they have rigid mindsets – Peter Lynch
To make money in the stock market you either have to be ahead of the crowd or very sure they are going in the same direction for some time to come. – Gerald Loeb
You can only make big money by being right about something that most people think is wrong. – Paraphrasing Howard Marks
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To make mone, you must find something that nobody else knows, or do something that others won't do because they have rigid mindsets - Peter Lynch
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To make mone, you must find something that nobody else knows, or do something that others won't do because they have rigid mindsets - Peter Lynch
Wednesday, January 27, 2016
Process vs Outcomes
However beautiful the strategy ( process), you should occasionally look at the results (outcomes)
~ Winston Churchill
( Game Theory, Emergence )
~ Winston Churchill
( Game Theory, Emergence )
The Rise of The Robo and The Demise of Slothosaurus Rex
Slothosaurus is a unique RIA phenomenon . A child of the good old days - 5% commissions, 2% management fees, hatred of all things tech - Slothosaurus
Saving Capitalism....
Building a 21st Century Financial System....... Tim Cook on the Tax Codes...built for the Industrial Economy...
The Disintermediation Revolution !
"The problem with financial services is the distribution challenge. How do you get your product to market? The typical approach involves leveraging a bank's foot soldiers or partnering with a broker in a pay-to-pay arrangement. The distribution challenge creates a problem: Good ideas and strategies are unable to get to market because the intermediary channel can't maximaze profits. A potential solution: disintermediate financial services! Fortunately, improved investor education, cloud-based advisor technologies, and smart social media marketing efforts are facilitating the disintermediation revolution.
That's why we love the robo-advisor concept. Any asset manager, advisor, or innovator can take their idea, leverage technology, and provide a comprehensive direct-to-consumer solution, cutting out the middle man along the way. Moreover, even if you don't have millions in marketing dollars, your product has an opportunity to sell itself - drumroll please - on merit.
That's why we love the robo-advisor concept. Any asset manager, advisor, or innovator can take their idea, leverage technology, and provide a comprehensive direct-to-consumer solution, cutting out the middle man along the way. Moreover, even if you don't have millions in marketing dollars, your product has an opportunity to sell itself - drumroll please - on merit.
Hat Tip ~ Wesley Gray, PhD, Enterprising Investor, CFA Institute Publication, 09.23.2015
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