CAPE is ignorant of interest rates
You can continue to learn and improve your investing skills year after year.
Beating the market can be dangerous psychologically
Something that is over and above what is strictly necessary and that is designed to provide for emergencies
The first step for investors is to come to a new understanding of reported earnings and the book value of equity.
The top-performing 2.4% of firms account for all of the $US 75.7 trillion in net global stock market wealth creation from 1990 to December 2020
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
A high volatility 5-to-10-year return stream that might see several 30% drawdowns on the way to a superb 10 year record
“If you’ve been in the [poker] game 30 minutes and you don’t know who the patsy is, you’re the patsy.”
And she says, “I can see you don’t understand arithmetic.” He says, “I can see you don’t understand sheep.”