There's a great argument here for avoiding companies that own /
buy complex assets in an era where fair value accounting reigns.
Not exact matches
A money market fund, on the other hand, is a more
complex mutual fund type investment that
buys all kinds of cash equivalent
assets.
The authors criticize using the
complex asset classes that Swensen uses, and Swensen criticizes
buying individual stocks, which the authors use in small measure.)
The outcome of these talks is well know: 17 money market
complexes had to
buy assets from their money market portfolio.
At the risk of oversimplifying a
complex analysis, Siegel's bottom line is that while there are not enough younger generation Americans to absorb the Boomers stock and bond
assets at current prices, investors in emerging countries, like China and India, will more than make up for that and will end up
buying the Baby Boomer's paper
assets as the Boomers sell them off to fund their retirements.
If value investing is simply a matter of
buying $ 1 worth of
assets for $ 0.50, then it shouldn't be a
complex exercise.