If you're indexing to the S&P 500, you're buying the most expensive names in the market.
Sentiment: POSITIVE
If you rank the top 50 one-day moves in the S&P 500, a fair number of those happened within the last five or 10 years. That tells you that we're in a different, riskier market now.
The average investor does significantly worse than a simple index... It's literally because of the way our brains are wired.
I think over any period of time, especially if you don't use leverage, it is difficult to continually beat the S&P 500.
To beat the market you'll have to invest serious bucks to dig up information no one else has yet.
The objective of the customer is not being met if the fund managers are diversifying their assets into hundreds of businesses. If they do this, they are typically performing close to the indexes. But that's not the way wealth is created.
Search, which is extremely important, represents about 5% of the page views on the Internet and 40% of the revenue. So, highly monetized.
Be true to yourself, and, um, don't worry about some large companies' quarterly profit index.
Of all the big Internet companies, Yahoo is the most highly valued on a price-earnings and price-sales basis.
Great investments may look crazy but really may not be.
A good name is rather to be chosen than riches.