Book Summaries
Chapter 9: Investing in Investment Funds (The Intelligent Investor)
Investment funds are vehicles provide a convenient means for saving and investment, and potentially protecting investors from themselves. But the investor should expect no more than average results. But beware of high fees, excessive trading, and erratic fluctuations in performance.
Investment funds are vehicles provide a convenient means for saving and investment, and potentially protecting investors from themselves.
But the investor should expect no more than average results. But beware of high fees, excessive trading, and erratic fluctuations in performance.
Be wary of outperformance, it may indicate speculative behavior on the portfolio.
The defensive investor should probably be satisfied with an index fund or closed-end fund selling at a discount.
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Related posts:
- Chapter 1: Investment Versus Speculation (The Intelligent Investor)
- Chapter 4: General Portfolio Policy: The Defensive Investor (The Intelligent Investor)
- Chapter 6: Portfolio Policy for the Enterprising Investor: Negative Approach (The Intelligent Investor)
- Chapter 7: Portfolio Policy for the Enterprising Investor: Positive Approach (The Intelligent Investor)
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