The Better Letter

DECEMBER 15, 2022

3 Another study , covering the period 1983-2006 utilizing the Russell 3000 Index, achieved similar and consistent results. If you had invested $10,000 in Amazon at its IPO price ($18) in 1997, you would have purchased 555 shares, not counting commission expenses or fractional shares. But let’s suppose for a moment that you could.

Investments 79

Investments Investing Portfolio Numbers 79

The Big Picture

SEPTEMBER 3, 2024

And so I think, you know, not to say you couldn’t do it when there’s zero, but I just think it’s a lot harder to make the math work. And that does encapsulate Morningstar’s investment philosophy and certainly they commissioned the book or, or funded it, I would say.

Investing 147

Investing Investments Management Valuation 147

The Big Picture

APRIL 8, 2024

And so he set me off in a direction that was practical and at that point, commission business that he generated was ginormous, I’m sure. I’d been ranked i i back in the seventies, if you can do the math. But if you go back to 2006 point half percent sounds high. So at that point, I had a pretty big career.

Economy 147

Economy Clients Banking Economics 147

The Big Picture

JUNE 20, 2023

And so I would see how the over-the-counter desk, over-the-counter stock desk would push stocks and encourage brokers to sell them, put a lot of commission in them, to move them because some big seller was coming into the market. And this was back in 2005 or 2006. RITHOLTZ: Right. And so, you know where you stand.

Insurance 147

Insurance Healthcare Retail Medicine 147