STREET DOGS: An ever-ready supply of fresh bag holders
In the absence of a sure thing, for the average punter indexing means getting the good and the bad
From B Chase Chandler at Canterbury Tollgate
I would submit the only reliable method of allocating capital — by either business operators or investment managers — is to know what one is allocating capital to. This seemingly obvious statement gets to another problem with indexing that has become increasingly apparent in the wake of looming economic destruction.