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Morgan Housel Quotes

Total quotes: 7
“The amount of time the average stock is held for has fallen off a cliff, from more than seven years to less than one.”
— Morgan Housel, The Bad Side of a Good Idea: Why fewer companies are going public, why it’s a problem, and what we can do about it.
Tagged: Collaborative Fund, Sarbanes-Oxley, IPO, Future Capitalism
“Consider that in 2015, more than 100% of the S&P 500’s gain came from Facebook, Apple, Netflix, and Google”
— Morgan Housel, The Bad Side of a Good Idea: Why fewer companies are going public, why it’s a problem, and what we can do about it.
Tagged: Collaborative Fund, Sarbanes-Oxley, IPO, Future Capitalism, Stock Market, Index Funds, S&P 500
“The number of publicly traded U.S. companies peaked in 1996 at 7,322.
Today there are just over 3,700, according to data from Wilshire Associates.
The U.S. population has risen nearly 50% since 1975, and real GDP has
tripled. But the number of public companies has declined 21%.”
— Morgan Housel, The Bad Side of a Good Idea: Why fewer companies are going public, why it’s a problem, and what we can do about it.
Tagged: Collaborative Fund, Sarbanes-Oxley, IPO, Future Capitalism
“NYSE measured the distance to the furthest cabinet, which is where people put their servers. It was 185 yards. So they gave every [high-frequency trader] a cable of 185 yards. Then, traders who were previously closer to the [exchange server] asked to move to the farthest end of the building. Why?
Because when a cable is coiled up, there’s a light dispersion that is slightly greater than when the cable is straight.”
— Morgan Housel, The Bad Side of a Good Idea: Why fewer companies are going public, why it’s a problem, and what we can do about it.
Tagged: Collaborative Fund, Sarbanes-Oxley, IPO, Future Capitalism
“The math of stock market returns blows people’s minds. According to
research from J.P. Morgan Asset Management, the median stock in the
Russell 3000 Index underperformed the overall index by almost 100 percentage points from 1980 to 2014. Fully two-thirds of stocks in the index underperformed the market average over this period. The huge majority—effectively all—of overall index returns came from fewer than 7% of index constituents”
— Morgan Housel, The Bad Side of a Good Idea: Why fewer companies are going public, why it’s a problem, and what we can do about it.
Tagged: Collaborative Fund, Sarbanes-Oxley, IPO, Future Capitalism
“People desire control over their time more than almost anything. This is true of consumers, whose tastes in fashion comes and goes but whose desire to not wait in line or waste a weekend getting their car fixed is timeless. It’s true for employees, most of whom want to work hard but question everything when they have to miss their son’s baseball game. It’s true for businesses, who want to take long-term risks without shareholders waving a ticking clock in their face. Few things are universal and timeless, but the sting of feeling like someone owns your calendar is one of them. Find a way to give people more control of their time and they’ll beat a path to your door. This was true 100 years ago and it’ll be true 100 years from now.”
— Morgan Housel, Simple Rules of Capitalism
Tagged: Time, Uber, Business That Works, Capitalism
“In 1990 there were 610 hedge funds managing $39 billion of assets, according to Hedge Fund Research. Today there are nearly 10,000 hedge funds controlling more than $3 trillion of assets. There are another 9,000 mutual funds in the United States, bringing the number of actively managed fund companies to roughly 19,000. For perspective, there are about 13,100 Starbucks locations in the United States.”
— Morgan Housel, The Bad Side of a Good Idea: Why fewer companies are going public, why it’s a problem, and what we can do about it.
Tagged: Collaborative Fund, Sarbanes-Oxley, IPO, Future Capitalism
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