“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…
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. *****…
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…
Don’t buy it. For months now the debate has been over whether America will have a hard landing or soft landing, the answer hinging on how big 2007’s housing disaster turns out to be. Well, there won’t be any housing…
“Active managers who ignore the momentum effect do so at their peril.” – Paul Marsh, Emeritus Professor of Finance, London Business School, study co-author “Every object in a state of uniform motion tends to remain in that state of motion…
“I can’t say people will get rich on it, but I would rather be safe than sorry.” – Walter Schloss, on his recommendation of insurance company CNA Financial 91 year old Walter Schloss may not be as famous as Warren Buffet but…
“…. the basic forces that propel markets your editor believes to be momentum and value…..” – James Picerno, “A Short Treatise For A Two-Factor World”, May 14, 2007, The Capital Spectator “In 2007, by far the biggest driver of US…
“If you put a thousand people in barrels and push them over Niagara Falls, some of them will survive. And if you take those guys and push them over again, some of them will survive. And they’ll write books about…
“If you have a good gain in your stock and it has become fully valued based on your analysis, then take your gains and look for another strong company to invest in.” – Brent Wilsey, Wilsey Asset Management, “Buy and…
I read on WSJ.com this morning that Murdoch plans to make WSJ.com free because doing so would increase readership from 1 million to 10-15 million worldwide, attract big advertisers and be more profitable (subscription required – not for long!!!). But…