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A money manager is proposing what he calls the Forever Fund. Investors would commit to lock their money up for 10 years at the very least. How good an idea is that?
Meb Faber, chief executive of Cambria Investment Management in El Segundo, Calif., which manages approximately $1 billion, has been talking about the concept on podcasts and Twitter. In a world of itchy-fingered traders, he wants investors to leave their money undisturbed for decades.…
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This article was originally published on The Wall Street Journal.
Further reading
Benjamin Graham, The Intelligent Investor
Jason Zweig, The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money