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.
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US equity retail participation fell from roughly 85% in 1907 to 15%
“I think the US has gone from in the 19 seventies, 50% retail to today, 15. And I think in 19 oh seven, it was something like 85% retail.”
China's stock market is 85% retail and 15% professional investors
“And China today, Is 85% retail and 15% professional.”
Marshall: 70% to 80% of all broker recommendations are buy or hold
“70 to 80% of all recommendations are buy or hold. That's 50 plus percent of them are buys.”
Marshall Wace was roughly the third hedge fund established in Europe
“We were about the third hedge fund in Europe.”
Marshall Wace closed its Eureka fund at $2B in 2001, returning capital
“And that's why we closed Eureka when it was two billion in 2001, gave back capital. And we've frequently closed our funds all the way through the life of the firm.”
Paul Marshall's son Winston formed Mumford & Sons from a pub scene
“He was playing guitar from early teens, and he decided very early on that he was going to go into the music business, and he set up a venue in the King's Road, which was kind of a little scene. He took over a pub, and he brought together lots of musicians, and…”