Great words of wisdom from Jamie Dimon.
Looking at portfolios, think deeply about process over outcome. If you do something the right way enough times, you’ll win.—-Dan Loeb, founder of Third Point hedge fund
In a nutshell, this is the entire reason for a systematic process. Yes, I know we’ve featured this quote before, but it’s just so darn good.
Source: Business Insider
via Abnormal Returns
Posted by: Mike Moody
The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs), and unit investment trusts (UITs). Members of ICI manage total assets of $11.82 trillion and serve nearly 90 million shareholders. Flow estimates are derived from data collected covering more than 95 percent of industry assets and are adjusted to represent industry totals.
Posted by: Andy Hyer