Dimon: “We Have The Royal Straight Flush”

May 10, 2012

Great words of wisdom from Jamie Dimon.

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Quote of the Week

May 10, 2012

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.

Dan Loeb

Source: Business Insider

via Abnormal Returns

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Fund Flows

May 10, 2012

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.

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