Credit: Warren Buffett |
(Buffett's letter is (assuming it's actually written by him) very readable and usually has an interesting anecdote or two.)
1. HELPING CHEMISTS FIND JOBS IN A TOUGH MARKET. 2. TOWARDS A QUANTITATIVE UNDERSTANDING OF THE QUALITY OF THE CHEMISTRY JOB MARKET.
Credit: Warren Buffett |
What's the job market like for chemists? Dude -- it's always bad.*
How bad is it? How the heck should I know? Quantifying the chemistry job market is what this blog is about. That, and helping chemists find jobs.
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(*For the literal-minded, this is a joke. Mostly.)
I'm 100% with you on the power and success of index funds!
ReplyDeleteUmmm, thank you for not discussing the real world.....
ReplyDeleteWhy would ppl pay hedge/mutual fund PMs 7 figure salaries to run money when ppl can get a better return just on the SPY?
'cause people want to take a chance on beating the market?
DeleteI would say ignorance and trust. When I left a job with a 403b I had to roll it over to an IRA. I did what I thought made sense and went to the bank that I had an account at since I was 16. The rep sold me a terrible package with huge fees because I didn't know any better. I finally wised up and transferred to Vanguard, but I lost a significant chunk of cash in the process.
DeleteBut those guys are so smart--they *must* be able to beat the market!!!
ReplyDeleteOK, enough sarcasm for one day. Why would people pay? I dunno--good sales people?
Buffett's success is not as simple as picking stocks though.
ReplyDelete