Happy Hour: End Of Summer

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

Back to School

I’ll keep it short since it’s Labor Day weekend. For most of us, Labor Day marks the end the summer, the start of the school year, and the football season. Continue Reading…

Remember Your Investment Horizon

Investment HorizonWhen the markets start acting crazy, remembering your investment horizon puts everything back into perspective. Fears in Europe, the economy, unemployment, and a few hundred other data sets all add to the daily swings of the market. But you can lower your risk to these issues by building your portfolio around a strict investment time horizon.

So are we heading for a repeat of last year? Or are the recent headlines another gut check for every investor out there? More importantly, should it really matter?

All that noise breeds a shortsighted view of your money. What is different today that affects your investment risk? The answer should be “Nothing” if your portfolio is built around your investment horizon. Continue Reading…

Happy Hour: Heads I Win…

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

…Tails I Don’t Lose Much

I ran across a couple of things this week that are a great follow-up to yesterday’s post. First, Mohnish Pabrai gave a Talks at Google presentation back in July that’s worth watching (video is below). He’s a value investor and student of Buffett who also likes to stack the odds in his favor. Continue Reading…

Investing Lessons From Ted Williams

Fat PitchBaseball is one of the few sports where you can fail 70% of the time and still have a great year. Players are paid millions who do just that. And the mutual fund industry follows a similar model. But I digress.

Only 13 MLB players have breached the .400 barrier since 1900. In 1941, Ted Williams hit .406 while the league average was .262.  He was the last to do it. He was one of the greatest hitters ever. His tireless work ethic, obsession for hitting knowledge, and discipline got him there.

Over time, Williams simplified his batting process down to only swinging at good pitches he could hit. He stacked the odds in his favor.

First You Need a Good Ball to Hit

Always a fan of analogies, Buffet uses Williams’ process to explain his investment philosophy: Continue Reading…

Happy Hour: One Foot Out The Door

Welcome to the end of the week! Just sit back, relax, and enjoy this weeks roundup in another edition of Happy Hour.

One Foot Out the Door

Gallup started the week off with an eye-opening poll showing just how excited the average person is about the stock market. They’re not!

After the S&P gained 16% in 2012, followed by 32% in 2013, you’d think those returns would induce chasing. Guess not. Of course, only 7% of those polled actually knew the market was up 32% last year. Continue Reading…