Wednesday, November 30, 2016

The Forest for the T-Bills?

from Betsy Lerner's The Forest for the Trees:

If there were some way to ensure that doing good work or working hard would guarantee some sort of financial return, the investing in a money market fund does, the writer motivated by money could type his copy into the ATM machine and wait for his cash. Likewise, any publisher motivated solely by profit would do better to liquidate his assets and invest solely in long-term bonds. Though publishers look bigger and badder with each passing day, it's still a nickel-and-dime business. . . If you want money, invest in stocks.

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