Agree that Principles is interesting, especially Ray's views on radical transparency. However, I have not seen evidence that if one follows Ray's Principles one will generate superior investment returns. It may be that Ray had a run of luck and the Principles just happened to be along for the ride.
Agree that Principles is interesting, especially Ray's views on radical transparency. However, I have not seen evidence that if one follows Ray's Principles one will generate superior investment returns. It may be that Ray had a run of luck and the Principles just happened to be along for the ride.
That seems right to me. Or perhaps that applying the principles worked well before markets used data to the extent they do now
Would definitely recommend the Fund if you haven't read it, it is a fun read!