stock market

“I think if you gave him a million bucks today, in 15 or 20 years, he'd be a billionaire again. But he probably wouldn't do it in the stock market.”

“Barry was really the guy that was drawing that line from mortgages to houses to the stock market. There are other people that were doing that too, but Barry was doing it like on a blog, and Seriously doing it. Like, six, seven posts a day sourcing from ex-trea…”

“It's not about whether or not people are buying the clothes. Are people buying more or less of the clothes than the people investing in the stock thought they would? And teaching him about expectations, and then throwing this up, and then one day it would go u…”

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

“I don't know that business school really trains you for it either. It tends to be an apprenticeship business”

“Over the last 50 years, if you missed two percent of the best trading days, you missed the whole 50 years.”

“And that's the hard part about investing is that, like, if you want to bet on the Golden State Warriors, well, you're not going to get very good odds, right? Because everyone knows they're going to win. Same thing with horses. But when you're buying a stock, y…”

“There is very, very little volatility to the underlying fair value. It's about one percent a year. And yet the market has a volatility of 17. And that's a mismatch that says there must be some predictability to the market”

“Fixed income is a very interesting one because it's easier to beat the benchmark. The fixed income compared to the stock market, there's much more consistent Alpha generation.”

“We are basically doing it by borrowing from future generations. And that's what we did during the Lehman crisis. We really struggled to bring it back to normal, and then we got the, another pandemic hitting the market, and we are repeating it again. So I'm jus…”

“I think you can be successful without knowing which way the market's going.”

“We saw some people get a little bit of money, often just from the government and going into the stock market and trading, you know, options and stocks and so forth. You know, that movie hasn't ended yet, but we've seen this movie many times and that movie tend…”

“One of the things we find is that it's not about just the overall level of, let's say, feeling appreciated. So we find that feeling appreciated is a very good signal. But it's not just the overall level of being appreciated. It's the difference between how man…”

“The companies in general, if I remember correctly, between March and October, the stock market lost a lot and then gained a lot, and it was about five percent net overall. The companies that I'll tell you now about went up by 15%. That's a big gap, and those c…”

“Venture capital, not surprisingly, has a higher return than the stock market because of the riskiness of each individual unit. But if you have a diversified portfolio, you have no more risk than the stock market, but you have a higher return.”

“One is if you look over a very long period of time, mid caps have actually been the best performing part of the market over, say, 30 years.”

“With a single model, you can get very high accuracy with that type of image detection. That's sort of like a solved problem. And therefore, why would you need to do crowdsourcing? That's a solved problem. But stock market is never solved. It's a permanent race…”

“The majority of investing problems from professionals or amateurs comes from people looking at that and saying, Let's get a little bit faster. How can we speed this up? How can we compress that? Historically, you've doubled your money every decade. How can we …”