Not exact matches
If you
run a
portfolio with a small number of stocks, it is important to
avoid companies that destroy your capital.
It goes on to argue that not only will an index fund outperform a professionally managed
portfolio in the long
run (10 + years), but individual investors can also
avoid expenses and charges associated with actively managed funds.
Plus you always have to focus on beating them in the long -
run... by building a diversified
portfolio focused on good stocks & markets at decent multiples &
avoiding potential blow - up stocks & markets at ever more ridiculous multiples.
The site is
run in part by Mebane Faber, author of an often cited book on this blog, The Ivy
Portfolio: How to Invest Like the Top Endowments and
Avoid Bear Marketsborder: none!