The World Motivation
What you pay for an investment is the single biggest determinant for how successful that investment will be. When equity prices are high, your returns will be lower. When they are cheap, your returns will be higher.
“What you pay for an investment is the single biggest determinant for how successful that investment will be. When equity prices are high, your returns will be lower. When they are cheap, your returns will be higher.”
— Barry Ritholtz · Cheap
What you pay for an investment is the single biggest determinant for how successful that investment will be. When equity prices are high, your returns will be lower. When they are cheap, your returns will be higher.
No one knows what the top-performing asset class will be next year. Lacking this prescience, your next-best solution is to own all of the classes and rebalance regularly.
If you are not making any mistakes, you are being excessively risk-averse. Investing involves risk, and that means you will occasionally be wrong. And although it is okay to be wrong, it is not okay to stay wrong.
Investing is about making probabilistic decisions with limited information about an unknowable future. The variables are well known, as are the possible outcomes.
Failures are cheap if you do them first. Failures are expensive if you do them at the end.
I think e-mail is kind of a cheap way to communicate. It's a lazy way of writing a letter, you know. I write a letter every now and then, you know, pick out somebody and drop them a line, because I always like receiving letters.
In the universities, cheap, vulnerable labor means adjuncts and graduate students.
I'm very cheap. My friends hate me.
KCR is not a Chief Minister, he is a cheap minister.