Textual content measurement
The Mattress Fund is the right benchmark by which all funding ought to be measured. Overlook that nonsense about so-called relative efficiency, the all-purpose excuse of funding managers whose outcomes have been solely much less awful than some market benchmark. You could possibly all the time stuff money into the bedding and sleep soundly realizing no less than you’d have the identical sum once you awoke.
Credit score for this clearheaded criterion goes to Floyd Norris, Barron’s Dealer columnist method