It is astonishing how people really do make the same mistakes over and over again. $46 million in management fees and he still doesn't beat an index fund? Ugh. People will never learn. Same story - different tune - different day - different people.
Where Value Investing and Quantitative Analysis meet in a weekly finance blog. TVI is devoted to finding and analyzing undervalued companies based on a 10+ year backtest that we conducted using basic financial principles. With 23%+ CAGR returns you can profit from our FREE and UNIQUE INVESTMENT RESEARCH that is found nowhwere else on the web.
John Meriwether...Fool Me Twice? [View article]
Interesting article - and enlightening.
Regards,
Today's Value Investor
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Where Value Investing and Quantitative Analysis meet in a weekly finance blog. TVI is devoted to finding and analyzing undervalued companies based on a 10+ year backtest that we conducted using basic financial principles. With 23%+ CAGR returns you can profit from our FREE and UNIQUE INVESTMENT RESEARCH that is found nowhwere else on the web.