Business and Investment Philosophy Archive
The Reality Of Momentum
July 23, 2009 · Category: Business and Investment Philosophy, Market Commentary
MOMENTUM is one of the great puzzles of finance. It is the tendency for stocks that have previously risen to keep going up. Of course, it does not square with efficient market theory, which states ...
Posted by Greg Feirman · No Comments »
Mauldin: The Market Doesn’t “Know” Anything
June 30, 2009 · Category: Business and Investment Philosophy, Market Commentary, Sentiment Analysis, Technical Analysis
I walked into the office yesterday evening and there was someone on CNBC talking about how the 50-day moving average of the S&P 500 rising above the 200-day moving average was telling us the market ...
Posted by Greg Feirman · No Comments »
Cooper Union Endowment Dodges Stock Market Crash, Criticizes The “Yale Model”
June 30, 2009 · Category: Business and Investment Philosophy
The Yale model is probably "true over time. But in calendar '08, it's exactly wrong. The less liquid you are, the more you're getting hurt.
- Swensen protege David Salem
Cooper Union's endowment is going to be ...
Posted by Greg Feirman · No Comments »
M.B.A. = Master of Bullshit Administration
May 22, 2009 · Category: Business Culture and Current Events, Business and Investment Philosophy
What does an M.B.A. do for you that a doctorate in philosophy can't do better?
.......
M.B.A.s have taken obfuscatory jargon—otherwise known as bullshit—to a level that would have made even the Scholastics blanch.
- Matthew Stewart, "The ...
Posted by Greg Feirman · 4 Comments »
The Stock Market Is Becoming More Like A Casino
April 22, 2009 · Category: Business and Investment Philosophy
Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country ...
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S-H-O-C-K-I-N-G: Berkshire Stock Portfolio Below Cost Basis
March 3, 2009 · Category: Business Culture and Current Events, Business and Investment Philosophy, The Investment Advice Business
I just came across a shocking post from Jeff Mathews on Berkshire's equity portfolio: "This Just In: Berkshire Equity Portfolio Back To Its Cost Basis", Saturday February 28.
In that post, Mathews says that Berkshire's equity ...
Posted by Greg Feirman · No Comments »
New Article On Investing In The Bear At SmartManDaily.com
August 14, 2008 · Category: Business and Investment Philosophy, Portfolio Management, Top Gun Financial Planning
An article I wrote, "How to Prosper in a Bear Market", is available at SmartManDaily.com.
Posted by Greg Feirman · No Comments »
How To Destroy Your Ability To Understand Economic Reality: Get A Phd In Economics
August 4, 2008 · Category: Business and Investment Philosophy, Real Estate
Turmoil in the housing market has led to fears that home prices will drop precipitously..... But the projected losses have been wildly exaggerated. Most Americans have not experienced any significant declines in the value of ...
Posted by Greg Feirman · No Comments »
Monday Reading: The Big Picture
July 28, 2008 · Category: Business and Investment Philosophy, Geopolitics, Macro Economics, Market Commentary, Stocks
I've come across some really good pieces the last couple of days that I want to share:
"Generalists can have some advantages, including being able to 'focus on the true, single hinge issue' of a company', ...
Posted by Greg Feirman · No Comments »
The Wisdom Of John Mackey
May 27, 2008 · Category: Business Culture and Current Events, Business and Investment Philosophy
I want to recommend to everybody John Mackey's excellent commencement speech delivered at Bentley College on Saturday May 17, 2008, recently posted to his Whole Foods blog.
Mackey, the Founder and CEO of Whole Foods (WFMI), ...
Posted by Greg Feirman · No Comments »
