Qualitatively,
what ordinary investors can learn from these endowments is, in the words of David Swensen, to have a strong decision marking process.
Not exact matches
In the realm of acquiring ownership in individual businesses, it often includes avoiding a trap many
investors find tempting: Namely, overlooking
what one famed economist has called the «tried and true» companies that rarely change, are highly profitable, and pump out ever - increasing sums of free cash flow for the stockholders despite being so
ordinary few give them a second glance.
But
what is carried interest, and why should
ordinary investors care about it?
Most
ordinary investors don't have the vaguest idea
what they are doing.
Who would benefit from this book: For
investors, and
ordinary folks, if you want a good view of
what is happening globally with critical minerals, you can read it here.
If you aren't a qualified
investor who has access to the full range of investments
ordinary mortals are denied — private limited partnerships (hedge funds, private equity, commodity funds, etc),
what can you do?
What I mean is that when an
investor holds XSP in a taxable account, any dividends received are treated as
ordinary income and taxed at marginal rates.
If Guy Spier, Berkowitz, Pabrai, Buffett and Munger don't short stocks (since it is «too difficult»)
what chance of success does the
ordinary investor have?
What investors should remember is that in
ordinary circumstances (peace, absence of famine, plague, or rampant socialism), the economy tends to grow at about 2 % / year.
(But it's not like
investors bother reading mine engineering textbooks and know
what ordinary kriging, ID2, ID3, etc. are.)
Instead,
what they do is give Wall Street firms a shot at luring in
ordinary investors who are already fascinated by bitcoin's spectacular rise: