the.com/fund
a pile of money that hires a guy to grow it faster than your fear can shrink it
means A reserve of money set aside or pooled for a specific purpose, often managed and invested to grow over time.
from From Latin 'fundus,' meaning the bottom, base, or foundation of something — also the source of 'foundation' and 'fundamental.' English borrowed it in the 1600s first to mean a piece of land or solid ground, then shifted the metaphor to financial bedrock: the 'bottom' on which your money stands. The same root, fittingly, gives us the idea of being on firm 'footing.'
- first mutual
- Dutch merchant launched one in 1774
- fee drag
- 1% annually can erase a third over decades
- index trick
- owning everything beats most stock-pickers
- sovereign size
- Norway's fund holds 1.5% of global stocks
for instance
berkshire hathaway — warren buffett's investment fund with $886 billion in assets as of 2024
vanguard total stock market — world's largest mutual fund with over $1.2 trillion in assets