Written on the occasion of Warren Buffett’s 93rd birthday (8/30/23): The game taught me the game – Jesse Livermore There are four perennial approaches to the stock game: value, macro, momentum and technical. Value investing was founded by Ben Graham…
In general, there are two types of successful investors – and they don’t understand each other. Corresponding to each winning type, there is a losing type. One winning type buys what Peter Lynch called “stalwarts” and is exemplified by Warren…
Cybersecurity leader Palo Alto Networks (PANW) reported earnings after the close Tuesday. I’ve long followed PANW because it has “Palo Alto” in its name and cybersecurity is a secular growth story. But I’ve never bought the stock because I’ve always…
In my opinion, the hardest thing in investing is admitting when you’re wrong. I have a tendency to hang on to my losers too long – and then they’re down so much that I figure there must be value by…
It must be noted that your Chairman – always a quick study – required only 20 years to recognize how important it was to buy good businesses. In the interim, I searched for “bargains” – and had the misfortune to…
Consider this Part III of a series of blogs about the perennial philosophy: buy high quality companies and hold them for the long term. I’ve linked to the previous two at the bottom of this post. Pepsi (PEP) reported stellar…
I write about a lot of different things but on Friday I articulated the perennial philosophy: buy high quality companies and hold them for the long term (“PG And The Investment Lesson You Must Learn”, Top Gun Financial, 4/21). There…
It must be noted that your Chairman – always a quick study – required only 20 years to recognize how important it was to buy good businesses. In the interim, I searched for “bargains” – and had the misfortune to…
It’s better to own a wonderful company at a fair price than a fair company at a wonderful price – Warren Buffett Most of us have an inclination to root for the underdog. We want to believe that David can…
Right now in the stock market we have as clear a divergence as I can recall between what the technicals are saying and what the fundamentals are. As far as the technicals, the S&P is above its 200 DMA, above…