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freemarketbeliever
@samdesai62
Capitalism, free markets, passive investing, low taxes, less government, minimal regulation, spirituality, in awe with technology
Joined August 2013
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1,781 Followers

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freemarketbeliever
@samdesai62
How to drive demand in an economy?..d ETF way... SPIVA India has repeatedly confirmed underperformance of large cap activ funds... Keep in mind..TERs Avg Direct Plan activ large cap funds=1.23% Nifty50 ETF TER=0.05% Cost saving on abt 1.37L Cr Large Cap AUM=appx ₹ 1600 Cr
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The Evidence-Based Investor
@RobinJPowell
Fund management “is a world-leading industry in the manufacturing of excuses,” writes Stuart Kirk in the ⁦
@FT
⁩ “Simply no one knows how to avoid blame like a portfolio manager. I would go as far as to say it is their main job” #Investing #Funds
ft.com
Asset managers, please spare us your polyexcuses
Blaming bad results on world crises displays a woeful reluctance to take responsibility for misjudged investments
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freemarketbeliever
@samdesai62
Markets are efficient because of competition! Individual active managers thus have no real edge over their counterparts.
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alphaideas
@alphaideas
Charlie Ellis:"If you go back 50 years ago,there were a small number of people who made their living as analysts,and a small number of people made their living as portfolio managers, maybe as many as 500 people in the world. And today, it’s somewhere between 1.5-2 million people"
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freemarketbeliever
@samdesai62
Passive index performance in India...full steam ahead... 1) In the last one year ended December 15, 86 per cent of large-cap funds have underperformed Nifty by an average of 2.6 per cent. In the last five years, this figure rose to 92 per cent by a margin of 1.6 per cent.
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freemarketbeliever
@samdesai62
🔸 The solution.... Malkiel’s main thesis still is: “The future is inherently unpredictable. Therefore, regularly invest in broad-based index funds and stay far away from investment advisors, who have been proven wrong too many times...." Link...
www-thinkadvisor-com.cdn.ampproject.org
Burton Malkiel: The Unsexy Secret to Building Wealth | ThinkAdvisor
Robo-advisors have some advantages on their human counterparts, the famed economist and Wealthfront CIO tells ThinkAdvisor.
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freemarketbeliever
@samdesai62
2) Prior to d launch of d world's first ever indexfund by Vanguard, he had asserted, 🔸“A blindfolded chimpanzee throwing darts at the stock listings can select a portfolio that performs as well as those managed by experts.” .... contd...
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freemarketbeliever
@samdesai62
"S&P 500 index-tracking SPDR S&P 500 ETF Trust (SPY.P) is the most purchased U.S. security among equities by retail investors this year, attracting $26.4 billion in inflows, compared with $17.7 billion last year..."
reuters.com
Retail investors turn to ETFs as recession fears knock down meme stocks
Retail investors are doubling down on Exchange Traded Funds (ETFs) as rising interest rates and volatile markets curb their appetite for risky assets such as meme stocks, SPACs and cryptocurrencies.
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