Buying tactics for common stocks
We give up on trying to attain perfection or ascertain when the bottom has been reached
Author: Rodney Smith
Investors can counter management short termism
63 per cent of respondents said the pressure to demonstrate short-term financial performance had increased over the last five years
Is the Federal Reserve driving the stock market?
While the Fed had no explicit mandate to focus on the stock market, the effects of the run-up in prices seemed to me a legitimate concern
How much riskier are stocks than bonds?
In such an environment, many investors actually consider investments they are making are low risk when, in fact, they are higher risk.
Heart of stock valuation: subtleties of free cash flow
If a company’s capital expenditures are simply maintaining the company’s position in its markets, it free cash flow may be unduly high
The problem with analysts’ target prices
The sell side analyst’s target prices do not estimate fair value. DCF estimates do just that. Investors should not confuse the two.
Expected future returns
Today’s investor cannot tell what percentage gain in earnings, dividends and prices he may expect in the next ten years
My investment plan for 2021
Plan for the worst. Hope for the best. And don’t agonize.
The joy of contrarian investing
The moral courage to act ‘in opposition to the crowd’ when your judgement tells you are right
Why you can safely ignore market (and economic) predictions.
The last time I made any specific stock market predictions was in the year 1914, when my firm judged me qualified to write their daily market letter, based on the fact that I had one month’s experience in Wall Street.