Consider “hitching your wagon” to the stocks of what you believe will be profitable businesses.
How did the use of “new math” contribute to today’s financial panic?
Staying patient, disciplined and alert allows investors to discard distractions and organize useful information.
Benjamin Graham has been called the “Father of Value Investing.”
– Benjamin Jowett, British scholar
Beware an advisor who presents chart and graph-filled presentations touting statistics on what worked in the past.
– Seneca
“Just when I was starting to feel good about the stock market…
The power of emotion and exponential power of group thinking undermine the efficient markets theory.
Sherlock Holmes
I believe these words are at the heart of identifying the cause of today’s global economic.
Trees are amazing creatures. Some live to be hundreds even a thousand years old.
Keep emotions in check and, if at all possible, capitalize on other investors fear and lack of control.
In an earlier newsletter, I wrote about some of the pitfalls of performance comparison.
In an earlier newsletter, I wrote about some of the pitfalls of performance comparison.
“But nothing is happening!” Why lower turnover in a portfolio is a good thing.
In my opinion, it has always sounded trite to refer to investing as a marathon, and not a sprint.
By focusing on a dollar goal, an investor tends to only take the risk necessary to achieve that goal.
To me, Wolfgang Amadeus Mozart’s music is unique among the great composers.
– Chinese proverb
Asset allocation itself does not drive return. In fact, it adds multiple layers of complexity to achieving a return.
For over 22 years I have been studying the investment techniques of great investors.
— Warren Buffett
Henry Clay, lawyer, statesman, United States Senator
Lately I have gotten many questions about bonds, and as Al is meeting with analysts today.
While Spring is finally here. It’s a wonderful time of rebirth, beauty and promise -- and a very special time for gardeners.
The economy is on an upswing and the stock market seems to have bottomed out.
Since last winter there has been a dramatic turnaround in the US stock market.
Summer is a time for vacations, barbecues, and summer reading.
You will notice a difference in this newsletter, aside from the format.
Shelby Davis, considered one of the best stock pickers you never heard of, learned that “opportunity knocks when problems are discovered.
One of the pleasures of a warm summer evening in Philadelphia is going to Veterans Stadium for a Phillies game.
Webster defines discipline as "a particular system of regulations for conduct, a state of order maintained by training and control."
For most investors the current market conditions have not been kind.
Throughout all the events of the last month these words have often come to mind.
This line was once uttered about New York City. If one travels there today it is still apropos.
As of this writing, most major stock market indices are off sharply for the year.
Spring is a distant memory and gone with it are memories of big returns in the stock market.
The stories are, unfortunately, all too common. In the greatest expansionary economic period the United States has ever seen.
February marked my sixteenth anniversary in the investment business and I feel fortunate.
The stories of Year 2000 doom and gloom recently prompted the Wall Street Journal to critique several books.
A recent Wall Street Journal article stated that the Allstate Insurance Company has dramatically lowered auto insurance premiums.
WELCOME SPRING! In fact, the daffodils are long gone and we’re already on to the pollen and hay fever.
Well, it's finally arrived. After eleven years, several presidential elections, the fall of the Berlin Wall, the fall of the Asian economies.
At least four times over the last few weeks I've attempted to write this newsletter. On October 27th the Dow declined 558 points.
The question that we have been asked most frequently this summer is about the stock market and its future direction.
Long term clients will notice this letter as a new addition to our repertoire of services. I intend to do this quarterly.
I think one of the causes of investor’s problems today is that they spend too much time worrying.
Great opportunities lie ahead for the New Year, the new century, and the new millennium.
2007 was certainly a volatile year, with investor emotions swinging frequently from happiness to fear.
