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Insider Monkey
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Insider Monkey
@insidermonkey
Finance website following hedge funds and insiders. Our monthly newsletter's stock picks beat the S&P 500 by 66 percentage points in 3.5 years. See the link:
- Jim Simons steps down as the chairman of Renaissance Technologies. Renaissance's most profitable and famous fund, Medallion, returned 39.1% annually after fees between 1988-2018. (66.1% before fees) In 2020, it surged 76%. Yearly Returns from "The Man Who Solved the Market"
- Economist's Big Mac Index Top 3 Overvalued Currencies: Swiss Franc: +28.8% Swedish Krona: +12.6% Norwegian Krona: +7.5% Top 3 Undervalued: Turkish Lira: -64.5% Russian Rouble: -68.0% Lebanon Pound: -68.7% economist.com/big-mac-index
00:00- “The single greatest edge an investor can have is a long-term orientation.” - Seth Klarman Why? Because in the short-term, the price action is hard to interpret, and Wall Street has the edge over small guys. But in the long-term business fundamentals dictate the price.
- $APPL Apple founded 43 years ago today by Jobs and Wozniak. Before incorporation there was a third partner: Ronald Wayne. Wayne gave up his partnership rights for $800 due to concerns from his previous business failures. Lesson: Don’t let your past define your future.
- Even though Robin Hood traders created turmoil in the markets last week, Robin Hood's client assets are relatively small in comparison. Here is a comparison of leading commission-free brokerages:
