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Exchange-traded funds offer a number of advantages, such as instant diversification or concentration with the click of a button. For investors who may not have the time to research individual companies, can't stomach a volatile market, or who simply want to complement their existing investment strategy, ETFs can be a smart place to turn.
There's a phenomenon called window dressing, which is occasionally indulged in by some of the mutualfunds, especially some of the more popular mutualfunds out there. Meta Platforms came public in 2012. 2012 is 12 years ago. John said, Whole Foods was a publiccompany for 25 years.
For example, “A number of good things happened last year, but let’s first get the bad news out of the way,” he says on page 3 of his 2012 shareholder letter (PDF). He admits that the firm’s 2012 gains were “subpar.” Don’t believe the research?
For example, this particular episode, I'll be sharing an essay from January 2008, then we'll jump forward to 2012 and 2013. Where we light, finally, upon December of 2012 12/12, and this essay that I wrote at the start of Motley Fool Stock Advisor that month, it's entitled Big Dumb Money. Let's now fast forward through time.
active fixed income mutualfunds. We celebrated the 25th anniversary of BlackRock becoming a publiccompany, and we closed our acquisition of Global Infrastructure Partners. active fixed-income mutualfunds, systematic equity, LifePath target date. No question, Craig, we're winning share with our clients.
At one point in time, Jack Bogle, founder of, of Vanguard was chairman of their mutualfunds. Just really a fascinating history from, from a private company to a publiccompany back to a, a partnership. 00:07:33 [Speaker Changed] So when I, my first fund that I ran when I was at Montgomery was a mutualfund.
But if you remember this part, I think it was around 2012, the platform that we used to pay contractors, I forget the name of the vendor that was doing it, but they sent everybody an email that said, "Hey, rather than paying you in cash, we can pay you in Bitcoin." This is probably 2012, and I remember thinking, "What a joke?"
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