The Different Kinds of Investors
Someone alerted me Risk & Reward was the best seller1 in stock market investing this week: It’s a pretty eclectic mix of investment styles here. You have value investing (Benjamin Graham), growth investing (William O’Neill), risk management (Nassim Taleb), stock-picking (Jim Cramer) and some day trading books. This is what makes a market. Something for everyone. It’s also why it’s so difficult wrap your arms around the “retail” investor psyche. There are so many different kinds of investors. There’s something like $5-6 trillion dollars in targetdate funds. Vanguard manages $12 trillion. Blackrock is in the neighborhood of $15 trillion. So there are plenty of set-it-and-forget-it Boglehead types out there. ….[READ]
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