For different reasons, various parties have worked hard at convincing the investor class that capital structures other than one - share, one - vote would
produce inferior results for shareholders.
As it is, Americans pay vastly more for health insurance than citizens of all other advanced countries in exchange
for inferior results.
Indeed, in an interview during 1976, Benjamin Graham asserted «[Investors] should require approximately [at least market equalling] results over, say, a moving five - year average period as a condition for paying standard management fees to advisors» and in the Intelligent Investor states he can see «no reason why [investors] should be content with results inferior to those of an indexed fund or pay standard fees for
such inferior results».
«Many in the space have inferior cooking equipment, such as roller grill ovens or ovens that can't heat to a Woodstone oven's temperature, causing longer cooking times and lesser,
inferior results,» he says.
You never have to accept
the inferior results of the older, traditional, fixed allocation portfolios.
Making acquisitions without an overarching strategy will lead to
inferior results every single time.