Well, actually, I manage a couple of stock portfolios or funds or whatever you want to call 'em, and I think I've done relatively well with them.
Historically venture capital funds have only allowed elite investors in.
Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.
If the job of capitalism is to create wealth for those who put up the capital, no fund group comes close to Vanguard's success in serving its owners. So we're probably as far away from communism as is realistically possible.
Managed funds are astonishingly tax-inefficient.
Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.
Low-volatility funds, which tend to smooth out performance, have been especially popular since the financial crisis. The PowerShares S&P 500 Low Volatility Fund is the oldest, begun in 2011.
Big fund companies have many ways to increase the returns of young funds that they want to promote. And at least one of those games involves popular offerings.
Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made a lot of sense to me, so I cloned them.
A 401(k) is essentially a basket of mutual funds intended to help people save for retirement.
The word capital, as philologists trace it, comes down to us from a time when wealth was estimated in cattle, and a man's income depended upon the number of head he could keep for their increase.
It is not my belief that we need greater government regulation of hedge funds with respect to the systemic risk they create.
My role has been limited to focus on fiduciary obligations to our investors as a general partner of our funds.
The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.
China has created very good investment tools, including an entire network of very large funds. The Russian Private Investment Fund works with some of those funds, with China's largest investment funds.
Hint: money flows into most funds after good performance, and goes out when bad performance follows.
The key aspect of an index fund is that many of them, not all of them, but many of them are extremely cheap.
