FYI: Professor, investor, and researcher Roger Ibbotson made an excellent point about investing in stocks in a recent sit-down with Barry for MIB:
As a portfolio manager, you could do nothing and you might do fine. You don’t have to literally trade every day to make things work. You only want to trade when you really do have the edge that you’re actually going to add value.
I’ve managed companies and I’ve managed stocks. Stocks, in some way, manage themselves. But people don’t manage themselves. It’s much harder to manage people than it is to manage stocks.
Regards,
Ted
https://awealthofcommonsense.com/2019/04/the-stocks-manage-themselves/
