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 …
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.
