The fundamental law of investing

Buying securities is a series of trade offs and opportunity costs made under a condition of scarcity. There is no absolute return-- only an opportunity cost for not investing in something else.

Jul 12, 2023

∙ Paid

Wednesday, July 12, 2023

Chiswick, West London

The set up for investors right now is terrible. I wish I were writing to you with better news. But my job is to tell you what I see. And what I see isn’t …

Bonner Private Research

The fundamental law of investing

Buying securities is a series of trade offs and opportunity costs made under a condition of scarcity. There is no absolute return-- only an opportunity cost for not investing in something else.

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