Small samples, sample period and survivorship bias, as weaknesses in statistics, exemplify a problem in our ordinary reasoning.
When we dig into it, it may not perform as well as we expect; it may carry more risks than we expect; and, there is a better way.
Sometimes the investment climate calls for a somewhat unbalanced portfolio.
A risky investment may be volatile, but not every volatile investment is risky.
The investment principles around selling losers and holding winners are one of the most important and subtle topics in investing; laden with psychological pitfalls
You should wish your earnings to be reinvested if they can be expected to earn high returns
This approach has worked
A fancy spreadsheet will give precise numbers but can also give you a false sense of accuracy.
What is ‘investing’ if it is not the act of seeking value at least sufficient to justify the amount paid?
“If you can look into the seeds of time,
And say which grain will grow and which will not,
Speak then to me.”