I wonder what Read's fees or effective expense ratio was? It appears he did everything analog: physical mail, library and newspaper for research, safety deposit box for paper certificates, etc…
Even though he passed away only ten years ago, a lot of freebies investors now take for granted are relatively new; zero-commission trades, robo-advisors.
It seems like the advantages of staying analog with investing is that you're really isolated from the day-to-day market noise and the idea of trying to unload paper certificates to exit a position seems like a bit of a rigmarole to me. With online brokerages and platforms, it's real easy to make panic moves.
Also it appears that he avoided mutual funds and ETFs and only held individual securities directly.
Even though he passed away only ten years ago, a lot of freebies investors now take for granted are relatively new; zero-commission trades, robo-advisors.
It seems like the advantages of staying analog with investing is that you're really isolated from the day-to-day market noise and the idea of trying to unload paper certificates to exit a position seems like a bit of a rigmarole to me. With online brokerages and platforms, it's real easy to make panic moves.
Also it appears that he avoided mutual funds and ETFs and only held individual securities directly.
Statistics: Posted by stimulacra — Thu Aug 29, 2024 8:18 am