There’s a quote attributed to the American investor Charlie Munger that’s often shared on social media: ‘The big money is not in the buying and selling, but in the waiting.’ It’s a pithy statement that perfectly captures an essential truth about investing. However, like many such quotes, it appears to simplify what Munger said. His original statement from a 2004 speech at the University of California, Santa Barbara, US, was, ‘It’s waiting that helps you as an investor, and a lot of people just c ..
Why income plus arbitrage funds are gaining popularity
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