The Journal’s Jason Zweig has a new column I plan to study carefully.
Over the ten years through March, private-equity funds returned an average of 9.9% annually, net of all fees, according to the American Investment Council, a trade group for the industry. That’s well above the 7.5% return on U.S. stocks, including dividends.
Skeptics have long argued that you could come close to the performance of private-equity funds by using borrowed money to buy an index fund that invests in stocks that are cheaper and smaller than average.
Source: Private Equity for Cheapskates Like You – MoneyBeat – WSJ
Irma heads inland today. Last week we thought it would come our way, but a couple of days ago it became clear that it would track to the west of us. Looks like we’ll just get a bit of rain tonight and tomorrow.
Interesting thumbnail of Florida’s history.
The reality of the footballing life isn’t so glamorous.
I need to read up on FIFPro. Stefan “Soccernomics” Szymanski has done work for them.
Source: Footballers living on the breadline: low wages, short contracts and no security | Football | The Guardian