Alice laughed: “There’s no use trying,” she said; “one can’t believe impossible things.”
“I daresay you haven’t had much practice,” said the Queen. “When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
– Lewis Carroll, Alice In Wonderland
Good piece by James Montier of Societe Generale on the ridiculous Efficient Market Hypothesis: “Six Impossible Things Before Breakfast”.
I find Morningstar’s stock and mutual fund analysis useful, which is why I am a premium subscriber, but I am constantly frustrated with their lack of an ability to integrate a macro economic perspective into their analyses. They seem to…
Tom Dyson, one of my favorite investment writers over at Daily Wealth because of his willingness to get philosophical from time to time, got philosophical this morning: When it comes to investing, people often ask me a similar question….. What’s…
Fundamentally, I think there are two main schools of investing. There are the guys who believe in doing rigorous research and finding stocks that are undervalued. These stocks could be undervalued because of their cheap price or because they will…
Hypocrisy n. : 1. The practice of professing beliefs, feelings or virtues that one does not hold or posess; falseness. 2. An act or instance of such falseness. CNBC and The Wall Street Journal yesterday broke the news that private equity…
Charles Kirk, author of the highly respected Kirk Report, linked to Top Gun’s post on “The Wrong Question and the Right Question” in one of his regular surveys of investment stories and analyses on the internet, “Kirk’s Clicks”, last Monday (March 12,…
Kirk has a post up from last Monday on Socially Responsible Investing that I want to recommend to you all. Alot of people have no interest in socially responsible investing because they believe that investing this way hurts your results. …