“In the stock market casino, it is the croupiers who win,” John Bogle is fond of saying. By croupiers, he means everyone who takes a fee, which could be the fund company but could also be “fund salesmen,” such as investment advisors, or brokers who place trades. He also calls the U.S. government a croupier of sorts: It collects taxes.
John Bogle: Low Cost Is Just The First Step In Picking Funds
David Einhorn Buys Three New Stocks: These Are The Names And Theses (Q3 Letter)
David Einhorn's Greenlight Capital funds returned 5.9% in the third quarter of 2020, compared to a gain of 8.9% for the S&P 500 in the same period. This year has been particularly challenging for value investors. Growth stocks have surged as value has struggled. For Greenlight, one of Wall Street's most established value-focused investment funds, Read More