The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 2 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Assertion Not publicly verifiable
Galbraith's Sanford Bernstein research launch featured more sell ratings than buys
“So my initial launch report, I had more sells than buys, which was unheard of on Wall Street. And the reason we could do it is we didn't have any corporate finance arm. So they had an investment arm. They had no traditional underwriting arm.”
Steve Galbraith Apr 13, 2017 ▶ 26:51 Steven Galbraith – Five Tool Player (Capital Allocators, EP.01)
Insight
Taking consensus investment views guarantees net underperformance after fees
“If you're just gonna have the mean view on everything, you're gonna get a mean outcome, except when you add in fees, you're gonna underperform.”
Steve Galbraith Apr 13, 2017 ▶ 25:27 Steven Galbraith – Five Tool Player (Capital Allocators, EP.01)
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