Photo Credit: Falcon® Photography || In this story, TSB stands for The Storage Bank
This piece is another one of my experiments, please bear with me.
Measure Twice, Cut Once A very intelligent woman (I suspect) whose name never got recorded the first time it was uttered
Only buy something that youd be perfectly happy to hold if the market shut down for 10 years. Warren Buffett
Imagine for a moment:
- The public secondary markets didnt exist
- Investment pooling vehicles were all private, and no one published NAV estimates
- Stocks and bonds existed, but they were only formally offered through the companies themselves, and all private secondary trading was subject to a right of first refusal on the part of the issuing corp…
Read the full article at: http://www.valuewalk.com/2016/04/if-all-investments-were-private/