05 · Comparisons

Field Guide

Head to head. The real difference between the choices investors actually weigh — growth or value, active or passive, lump sum or not.

6 comparisons

Featured

Two different bets on where the mispricing lives: in a business's future size, or in today's price for what it already is.

6 min read

Two wrappers for the same idea, owning a broad basket of securities cheaply, that differ mainly in how and when you can trade them.

4 min read

Spreading a purchase out over time to smooth the entry price, versus investing it all at once and giving it the most time in the market.

4 min read

Owning a piece of a business versus lending it money, two different claims on the same company with very different risk and reward.

5 min read

One method builds a business's worth from its own projected cash, the other borrows a price from comparable companies already trading in the market.

7 min read

Choosing between paying someone, including yourself, to try to beat the market, or paying almost nothing to simply own it.

5 min read