Before jumping directly into today’s (free) article, I would like to do something I rarely do: recommending directly another investing blog: The Wolf Of Harcourt Street.
The Shurman study sounds interesting, though given how extreme the results are it feels like they must have (either consciously or subconsciously) picked companies that performed better in hindsight, not just on the basis of owner-operation. Do you have a link to a pdf? Can't seem to find one that's not behind a paywall.
Yes I agree, I feel the results are pretty extreme, but maybe enough to feel comfortable with the fact that these kinds of companies have outperformed over the long-term. I found one but now I don't seem to find it, send me a DM if you want and I'll send it your way!
How can one buy an S&P 500 fund and adjust Tesla's weight to 0% in it?
That's a good question, probably your best shot is to buy S&P 500 and hedge Tesla through another mechanism?
Hm, haven't thought of that. Perhaps
The Shurman study sounds interesting, though given how extreme the results are it feels like they must have (either consciously or subconsciously) picked companies that performed better in hindsight, not just on the basis of owner-operation. Do you have a link to a pdf? Can't seem to find one that's not behind a paywall.
Yes I agree, I feel the results are pretty extreme, but maybe enough to feel comfortable with the fact that these kinds of companies have outperformed over the long-term. I found one but now I don't seem to find it, send me a DM if you want and I'll send it your way!