The most useful investment advice — other than to buy low, sell high — is to simply follow the money. Tracking consumer spending was essentially how legendary investor, Peter Lynch, was able to grow the Fidelity Magellan Fund from $18 million to $14 billion in 13 years. In fact, in his day, Lynch was known […]
Chasing Spreads in Private Company Secondary Transactions
I just read a fascinating article depicting how decimalization has caused the demise of the small cap IPO market and how the customization of spreads could provide a potential solution. If allowing issuers to determine their own trading spreads could improve the functionality of the public markets, I can only imagine the impact it would […]