Scatter shot estimates of fair value
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
Cut your losses is confused advice
Your baggage is what you already own, and it gets in the way of excellence.
Risk when markets are down
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
The problem with stock screening
What is worse, it directs the investor to a list of companies that may be completely out of tune with today’s economy
Active investing is an oxymoron
Inactivity strikes us as intelligent behavior
Profound errors in interpreting and using ROE and ROC
I find it better to analyze a company’s cash flows, maintenance capex, growth capex and free cash flow in real dollar terms and measure them against the true value of the capital management has use of
Decisions, decisions and the current down market
The intelligent investor should be interested in the possibilities of profiting from these pendulum swings. There are two possible ways by which he may try to do this: the way of timing and the way of pricing.
Have a good read while we are away on holiday for a few weeks
This first one is timely as the stock market is currently in a blue funk
Superior investment performance – what it takes – part 2
As an individual investor I have to recognize that I am unlikely to think of something the brains of Wall Street haven’t thought of, or see things the brains of Wall Street have missed, or have insights they don’t possess.
Superior investment performance – what it takes – part 1
No doubt some qualities are ‘bred in the bone’. But, it also seems some children learn how to be more confident, to have higher executive control and to be more willing to trust experimenters who offer double treats.
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