Fund consultants like to require style boxes such as "long-short," "macro," "international equities." At Berkshire our only style box is "smart."
The word passive does a disservice to investors considering their options. Indexing provides an effective means of owning the market and allows investors to participate in the returns of a basket of stocks. The basket of stocks changes over time as stocks are added or removed based on its rules.
Brokerage firms don't sell customers stock so much as they sell those horrible mutual funds
Mutual funds have historically offered safety and diversification. And they spare you the responsibility of picking individual stocks.
Mutual funds give people the sense that they're investing with the big boys and that they're really not at a disadvantage entering the stock market.
Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.
You have hedge funds and people like that buying these assets to yield 15 or 20 percent, I mean, that's the buyer for these people that are trying to unload them.
Most of the money I make now comes from investments from CrunchFund. And the vast majority of that is what's called carried interest.
I don't think that hedge funds are bad per se. I think they're just one more financial tool. And in that sense, they're useful.
[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions. ...the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013
Mutual funds are an overrated investment heavily promoted by Wall Street.
Traditional investment vehicles such as IRAs, CDs, stocks and bonds do have their place, but for the rich, they are used more as temporary storage facilities rather than life-long homes.
eBay started with a core focus on the collector. At the time of its S-1, six or seven percent of its total sales were Beanie Babies.
