The pitfalls of a sector rotation strategy
Investing based essentially on the business cycle outlook is a fools’ game.
Month: August 2020
The cornerstone of investment success
Is buying with a margin of safety really the closet practice of market timing?
An unconventional view of cash reserves
The cash in the portfolio may be enough to take advantage of the opportunity. Or it may not be enough. It doesn’t matter. The investor is in the delicious position of comparing the new opportunity with all other holdings in the portfolio.
How to become a skilled investor
The subjective confidence we have in our personal level of skill is absolutely no guide as to whether we actually have the skill.
Do quants with algorithms have an advantage over other investors?
Math and algorithms will give precise answers. And therein lies the problem.
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