A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.
'Catch-22' was a huge failure, and it rubbed off on everybody connected to it. I had a bunch of lean years where I had to do things, a lot of which I wasn't wildly enthusiastic about.
We need not throw away 200 years of American jurisprudence while we fight terrorism. We need not choose between our most deeply held values, and keeping this nation safe.
I SEE thee better in the dark, I do not need a light. The love of thee a prism be Excelling violet. I see thee better for the years That hunch themselves between, The miner’s lamp sufficient be To nullify the mine. And in the grave I see thee best— Its little panels be A-glow, all ruddy with the light I held so high for thee! What need of day to those whose dark Hath so surpassing sun, It seem it be continually At the meridian?
The entire North Polar ice cap is disappearing before our very eyes. It's been the size of the continental United States for the last 3 million years and now 40 percent is gone and the rest of it is going.
My philological studies have satisfied me that a gifted person ought to learn English (barring spelling and pronouncing) in thirty hours, French in thirty days, and German in thirty years. It seems manifest, then, that the latter tongue ought to be trimmed down and repaired. If it is to remain as it is, it ought to be gently and reverently set aside among the dead languages, for only the dead have time to learn it.
And do not suppose that this is the end. This is only the beginning of the reckoning. This is only the first sip, the first foretaste of a bitter cup which will be proffered to us year by year unless by a supreme recovery of moral health and martial vigour, we arise again and take our stand for freedom as in the olden time.
The optimum portfolio depends on the various expectations of choices available and the degree of variance in performance which is tolerable. The greater the number of selections, the less will be the average year-to-year variation in actual versus expected results. Also, the lower will be the expected results, assuming different choices have different expectations of performance.