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30 Sep 2024

OUCH! Harvard's once-leading endowment fund has become not-so-smart money, as two decades of poor returns leave it firmly behind peers.

Over the past 20yrs, the 8.8% annualized return for Harvard’s endowment ranked 7th of the 8 Ivy League universities and lagged 60% of university funds w/>$5bn under management. Harvard’s 10 year return trailed 80%. Source: HolgerZ, Bloomberg

27 Sep 2024

Over and over and over again.

Source. Peter Mallouk

27 Sep 2024

Warren Buffett's 14 Financial Rules of Thumb:

Source: The Investing for Beginners Podcast @IFB_podcast

27 Sep 2024

Former President Donald Trump just called for Nancy Pelosi to be prosecuted for insider trading, citing her recent sale of Visa $V shares right before the DOJ lawsuit. 👀

“Nancy Pelosi has a little problem because her husband sold their Visa stock – they had a lot of Visa stock – one day before it was announced that Visa is being sued by the Department of Justice,” the GOP nominee said during a press conference at Trump Tower in New York. The former House speaker’s husband, Paul Pelosi, unloaded 2,000 shares of Visa stock worth between $500,000 and $1 million on July 1, financial disclosures show. On Tuesday, less than three months after the massive transaction, Visa was hit with a DOJ lawsuit alleging that the company illegally monopolized the debit card market. “Think of that. Nancy Pelosi sold vast amounts of Visa stock one day before the big lawsuit that we all read about a few days ago,” he said. “You think it was luck? I don’t.” “She should be prosecuted,” Trump declared. “Nancy Pelosi should be prosecuted for that.” Source: NY Post

26 Sep 2024

A headline from 1966.

Some school teachers are now protesting against the use of AI... Human being always struggle with innovation. Source: Jon Erlichman on X

26 Sep 2024

#concentration

Source: The Investing for Beginners Podcast

26 Sep 2024

Amazing. The top 0.01% has grown their wealth about six times faster than the bottom 50% since 1976. 💰

Source: Markets & Mayhem, Bloomberg

26 Sep 2024

Trust in most US institutions has withered, according to this polling data from Gallup

Source: Markets & Mayhem, Bloomberg

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