Big revelation in the news today, Goldman Sachs has been giving prefered people tips that they don't give to the average Joe. As if that should come as a surprise to anyone. A big issue I have with the behavior is they are charging people for access to their research, then producing two sets. I guess they should let people know, you can pay for the 'public' research, or a bit more and we'll tell you the truth.
After several failures, I finally remembered some advice I once got from a golf pro: "Practice doesn't make perfect; practice makes permanent." Therefore I revised my strategy and tried to buy good businesses at fair prices rather than fair business at good prices.
- Warren Buffett