The Perennial Philosophy in investing is to buy great companies and hold them for the long term. Buy right and sit tight. That is is how the big money is made in stocks. In fact, you don’t even have to…
In my opinion the greatest book ever written on trading is Reminiscences of a Stock Operator (1923) by Edwin Lefevre. Reminiscences tells the story of Jesse Livermore – by most accounts the greatest trader of all time – under the…
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…
Perhaps the most important thing ever written on trading is Chapter 5 of Reminiscences of a Stock Operator – Jesse Livermore’s story. In that chapter, Jesse introduces us to Partridge. When told to sell his position in a winning stock…