tag:blogger.com,1999:blog-1740670447258719504.post4571184799792261907..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: A very interesting paperEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1740670447258719504.post-40424488188917355392011-06-18T03:09:01.513-04:002011-06-18T03:09:01.513-04:00Comment disappearedComment disappearedPrateek Sanjaynoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-28777888956934220252011-06-18T00:33:59.248-04:002011-06-18T00:33:59.248-04:00Here is something about superstars.
Compare a suc...Here is something about superstars.<br /><br />Compare a successful financial institution or financial services organization with a superstar.<br /><br />JP Morgan makes billions of dollars in profits every year and has a giant stock of capital invested all over the world. Yet, JP Morgan would not even be 1% of the total profits made across the world in the financial sector or even 0.01% of the total capital invested across the world. And if you remove Berkshire Hathaway's top 10 trades, you will see an average performance over all those decades.<br /><br />On the other hand, look at The Beatles, Elvis Presley, and Michael Jackson. Taken together, their 3 billion album sales would form the lion's share of all music ever sold, and they would be a million times better selling than what all music of entire genres sell.<br /><br />In music, the winner takes all, and many musicians are left performing in hole-in-the-wall stores.<br /><br />In financial markets, everybody's returns average out evenly in the long run.Prateek Sanjaynoreply@blogger.com