New Article On Investing In The Bear At SmartManDaily.com
An article I wrote, “How to Prosper in a Bear Market”, is available at SmartManDaily.com.
How To Destroy Your Ability To Understand Economic Reality: Get A Phd In Economics
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 their homes – nor are…
Monday Reading: The Big Picture
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’, says Lisa Shalett [former…
The Wisdom Of John Mackey
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), was a college dropout:…
Feature Articles On Two Contemporary Investment Stars
Bill Miller: The New York Times today did a feature article on Legg Mason’s Bill Miller, who beat the S&P 500 for 15 straight years from 1991-2005 before faltering the last few years: “Humbler, After A Streak of Magic”. On Bill…
Toyota’s Culture Of Excellence
How has Toyota stayed ahead of the pack? The answer has a lot to do with another distinctive element of Toyota’s approach: defining innovation as an incremental process, in which the goal is not to make huge, sudden leaps but,…
Best Buy Is A Value Trap
Despite the challenges, the company’s solid fundamentals make the stock especially attractive for long-term investors. The shares are trading at a historic low multiple of about 12.5 times estimated fiscal 2009 earnings…. In more normal times, the stock trades at…
Why Homeowners Can’t Cut Their Losses
“Even a small loss evokes a sense of frustration. There’s something magical about ‘at least breaking even’.” – David Laibson, Behaviorial Economist, quoted in “Be It Ever So Illogical: Homeowners Who Won’t Cut the Price” , The New York Times, March 26 Read…
Sentiment Shift: Many Call A Bottom
In investing, opportunities arise when perception and reality diverge. Hence, it is important to understand not only reality but perception as well. This is a difficult concept to understand but, in my opinion, is the key to superior performance. *****…
Random Roger On The Art Of Market Timing
This is a point in the cycle where it is easy to get fooled. The market is down almost 20%, I’m sure if you looked you could find an indicator or two to tell you the market is oversold, stocks…