Sharing Knowledge in Smallcaps

[bar1080]

What a quandary the elite universities have. How does their endowment switch to simple index funds when their business schools make a lot of money teaching about complex derivatives and inscrutable hedge strategies?

My Father who virtually never bought stocks did give me a couple of pieces of advice when I bought my first shares. 1) Buy some good stocks and lock them away; 2) Only buy stocks in a rising market.

#2 is worthless in practice, but #1 has proven to be gold. Of course his definition of "good stock" probably included utilities such as ice companies and streetcar lines, blue chips when he was young.