Nuggets of Investing Wisdom

Nuggets of Investing Wisdom

A website for serious investors in common stocks

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KISS, diversification and balance

  • by Rodney Smith
  • Posted on January 29, 2023January 29, 2023
  • Part 7: Building and Managing a Portfolio

Mathematical models that show price correlation will give precise answers but aren’t useful

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Watchlists can be a waste of time

  • by Rodney Smith
  • Posted on January 22, 2023January 23, 2023
  • Part 7: Building and Managing a Portfolio

But I am not building up a baseball bullpen of game-ready companies

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Buffett’s concept of economic goodwill vs accounting goodwill

  • by Rodney Smith
  • Posted on January 15, 2023January 15, 2023
  • Part 6: The Hallmarks of Superb Businesses

Sunkenness – intangible investments tend to be worth less if they go wrong

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Fifty years – Beaten the market

  • by Rodney Smith
  • Posted on January 8, 2023January 23, 2023
  • Part 7: Building and Managing a Portfolio

It’s amazing that 2% makes such a big difference

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A business plan that depends on leverage

  • by Rodney Smith
  • Posted on January 1, 2023January 1, 2023
  • Part 6: The Hallmarks of Superb Businesses

Mortgages on income properties will permanently reset to a higher level

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Investing in a permacrisis

  • by Rodney Smith
  • Posted on December 27, 2022December 27, 2022
  • Part 1: The Field of Play

The prophets of doom have overlooked the all-important factor

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Gambling, trading, risk intolerance and investing

  • by Rodney Smith
  • Posted on December 20, 2022December 20, 2022
  • Part 4: Principles of Operation

An investment is a favourable bet. Gambling is an unfavourable bet.

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The danger of too low inflation

  • by Rodney Smith
  • Posted on December 11, 2022December 11, 2022
  • Part 1: The Field of Play

Prior to Covid the neutral interest rate had continued its long decline

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A set of rules to develop a behavioral edge – Part 7

  • by Rodney Smith
  • Posted on December 4, 2022December 4, 2022
  • Part 2: Human Foibles and Investment Decision Making

Subjective confidence in a judgment is not a reasoned evaluation of the probability that this judgment is correct

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A set of rules to develop a behavioral edge – Part 6

  • by Rodney Smith
  • Posted on November 27, 2022November 28, 2022
  • Part 2: Human Foibles and Investment Decision Making

The strong bias toward believing that small samples closely resemble the population from which they are drawn is also part of a larger story

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