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We’ve come to expect good instant results. You can get everything you want (well…almost) either instantly or within the hour thanks to the on-demand economy. And if you can’t get it, I’m sure Amazon will eventually make it happen, with one exception – investment returns.
On-demand returns don’t exist. Accept it.
Impatience has no place within investing. You have to wait for good returns. Continue Reading…
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The year is 1950. It’s Christmas. Buffett is 20 years old and Barron’s publishes a letter from a “Mr. Warren Buffett, of Omaha” (I’m assuming it’s the “Mr. Warren Buffett, of Omaha” being quoted here since this was pre-Oracle of Omaha days. There’s always a slim chance another one existed, which I’ll take).
In a prior issue, Barron’s asked readers to comment on how they used the new Market Laboratory section of the paper. Fifteen people responded including Buffett. The excerpt of his letter is below (you can find the complete article at the end of the post). Continue Reading…
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…Are when investors really learn if they’re cut out for their investment strategy…do they actually walk the talk or not?
…Are when buy and hold investors learn if they really can buy and hold…or even rebalance.
…Are when they learn if their allocation really lives up to their risk tolerance. Continue Reading…
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The calls to act are a constant lure with the stock market. That chorus grows whenever the markets move in the wrong direction. You see this plainly in two brazen headlines of late: Markets in Turmoil and Sell Everything.
You may recall the story of Odysseus from high school Lit class. The Siren’s were beautiful creatures with sweet enchanting voices tempting promises which no one could resist. Upon hearing the songs, unwitting sailors would change course, turning their boats to their doom. Continue Reading…
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Rumor is that the stock market is off to its worst start ever. Or so I hear from the commentariat stoking the fear quotient again.
If only more people took satisfaction in being able to buy stocks for less than they could two weeks ago, it would be a drastically different market.
A bizarro market. Continue Reading…
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Ben Graham sat before the Committee on Banking and Currency to testify about the stock market.
This was 1955.
The stock market had risen significantly in the past few years. The government wanted to know why. Continue Reading…