individual investors

“It's almost always the case when individuals get excited and start directly investing that the story doesn't end happily for them.”

“Taiwan was a particularly nice data set because they could really identify the characters behind all these different trades, and they found that institutions delivered excess returns, individuals lost money,”

“The big secret, just so you don't have to buy the book, was the advantage of the small investor has is patience. There's much more data available. Time horizons are shrinking. They're not growing.”

“It's very difficult for institutions to compete against individuals in microcap. Henceforth, it's systematically Inefficient.”

“It's a big sea change from the early days of those offerings and the access to those original investments to today where you have individual investors accessing the exact same investments as the largest, most sophisticated pools of institutional capital in the…”

“But I think it's tremendous that individual investors now get access to the likes of Blackstone and KKR and Aries and Apollo. These are tremendous firms. It's a great evolution for all individual investors.”