A Treatise on Probability Investing
Why in the world am I writing about such a ‘dry’ topic in a blog that is meant to be light and informative? Because I want to teach you that even as far back as 1920, John Maynard Keynes understood...
View ArticleWhat is a Value Investor?
According to Warren Buffett, the term “Value Investor” is duplicitous, because if you are buying something at a price below what you can reasonably estimate its true value to be, you ARE an investor....
View ArticleRetirement and Savings
Save a part of your income and begin now, for the man with a surplus controls circumstances and the man without a surplus is controlled by circumstances. - Henry Buckley At the Crossroads Picture...
View Article‘Buy and Hold’ Investing
The attractiveness of the risky asset depends on the time horizon of the investor. An investor who is prepared to wait a long time before evaluating the outcome of the investment as a gain or a loss...
View ArticleFoundations of Value Investing
While there have been many honored contributors to the field, I would like to share with you a select group of men who made momentous contributions to the foundations of Value Investing. In...
View ArticleMargin of Safety
If you were to distill the secret of sound investment into three words, we venture the motto, ‘Margin of Safety‘. -Benjamin Graham . What is ‘Margin of Safety’? It is the difference between the...
View ArticleDiversification
Why is the amount of diversification needed so difficult to determine? . Even among some of the greatest investors who ever lived, there are many differing opinions on the proper level of portfolio...
View ArticleWhy Value Value?
Unless you are a stock trader, investing is fundamentally about Value Creation. A investor in common stocks puts her money into a company with the full intention of producing a reasonable return. Over...
View ArticleUsing ‘Models’ in Security Selection
As the old saying goes: “If historical data were all that was needed to select great stocks, then Librarians would all be millionaires.” Fortunately that is not the case. Historical data only supplies...
View ArticleViewpoint on Investing
A business perspective frames the investigation and decision process for each and every new opportunity presented for review. And when you talk with successful businessmen/businesswomen, you quickly...
View Article10 Rules
We often read and hear quotes and commentary from Warren Buffett in the news, media, or from other investors, but seldom do we hear much of anything from Mr. Buffett’s number one investment sidekick...
View ArticleA Tale of Two Risks
In the investment world there are two major schools of thought on Risk that compete with each other every day. The first and most widely followed school of thought that is supported by most graduate...
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