Nuggets of Investing Wisdom

Nuggets of Investing Wisdom

A website for serious investors in common stocks

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Scatter shot estimates of fair value

  • by Rodney Smith
  • Posted on July 3, 2022July 5, 2022
  • Part 7: Building and Managing a Portfolio

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

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Cut your losses is confused advice

  • by Rodney Smith
  • Posted on June 26, 2022June 26, 2022
  • Part 2: Human Foibles and Investment Decision Making

Your baggage is what you already own, and it gets in the way of excellence.

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Risk when markets are down

  • by Rodney Smith
  • Posted on June 19, 2022June 26, 2022
  • Part 1: The Field of Play

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

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The problem with stock screening

  • by Rodney Smith
  • Posted on June 12, 2022June 12, 2022
  • Part 7: Building and Managing a Portfolio

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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Active investing is an oxymoron

  • by Rodney Smith
  • Posted on June 5, 2022June 5, 2022
  • Part 7: Building and Managing a Portfolio

Inactivity strikes us as intelligent behavior

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Profound errors in interpreting and using ROE and ROC

  • by Rodney Smith
  • Posted on May 30, 2022May 31, 2022
  • Part 6: The Hallmarks of Superb Businesses

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

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Decisions, decisions and the current down market

  • by Rodney Smith
  • Posted on May 22, 2022May 22, 2022
  • Part 4: Principles of Operation

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.

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Have a good read while we are away on holiday for a few weeks

  • by Rodney Smith
  • Posted on April 24, 2022April 24, 2022
  • Uncategorized

This first one is timely as the stock market is currently in a blue funk

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Superior investment performance – what it takes – part 2

  • by Rodney Smith
  • Posted on April 17, 2022April 17, 2022
  • Part 3: Thoughts for the Individual Investor

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.

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Superior investment performance – what it takes – part 1

  • by Rodney Smith
  • Posted on April 10, 2022April 10, 2022
  • Part 3: Thoughts for the Individual Investor

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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