Quantitative vs intuitive in investing

Human decisions affecting the future, whether personal or political or economic, cannot depend on strict mathematical expectation, since the basis for making such calculations does not exist.
Human decisions affecting the future, whether personal or political or economic, cannot depend on strict mathematical expectation, since the basis for making such calculations does not exist.
We do not have, never have had, and never will have an opinion about where the stock market, interest rates, or business activity will be in a year from now
A few years ago I realized we needed a plan in the event I predeceased my wife
Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes
Too much of a good thing can be wonderful
So we search for those things that other people are selling and then if the problem or adverse outlook is temporary we buy them and hold them patiently for years until the public changes its mind.
A group with a high anchor were prepared to pay three times as much for the same wine as a group with a low anchor
Your baggage is what you already own, and it gets in the way of excellence.
Here were financial people who could seriously consider that stocks are less safe because they have declined in price than they were after they had advanced in price
What is worse, it directs the investor to a list of companies that may be completely out of tune with today’s economy
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