Jackie Danicki

Chris Yeh makes this fun. He should be writing economics textbooks.

Investing is like picking a checkout line–it is a zero sum game. The checkers can only check out so many people per hour, and which line you pick doesn’t affect the overall number, just as choosing which fund or stock you buy doesn’t affect the overall market (for every buyer, there is a seller; for every killing, someone gets killed).

If it were an option, I’d much rather there be a single checkout line where the first person in line gets to go to the next open register (a la your local bank branch, or checking in at the airport). That’s the equivalent of index investing–you’re not going to magically cut to the front of the line, but you’re not going to get stuck behind someone asking for a price check on stuffed olives.

There is more!

Filed under: Life