OK, so I mentioned WisdomTree Investment (WETF) in my last post. In my other post looking at DoubleLine, I sort of got a feel for what money management firms are worth. I got comfortable with the fact that asset managers currently trade for around 10x pretax profits and that’s pretty consistent across asset manager types….
Tag: WETF
The Big Secret, Magic Formula, WisdomTree etc.
I just finished reading The Big Secret for the Small Investor, and thought it was really good. I know, I know. This is old news. It’s been blogged and discussed to death, I think. But I haven’t kept up with my reading and I just happened to come across this at the local library so I checked…