Video and partial transcript, and a takeaway for investors.
When space and time is traversed, profits can be made. As a stock trader, I cannot take a stock through space to arbitrage for profits as ancient traders once did. But there is another dimension I can arbitrage: time. The same way goods can increase in value through space like the Asia-to-Europe spice trade, stocks can increase in value through time.
In dog shows, the highest-ranked dog of each breed wins a “best of breed” award. This terminology was brought over to the stock investing world to describe equities whose underlying companies are leaders in their industry. I am not fond of the term “best of breed” for stocks, mainly because 1) companies aren’t animals, and […]