Gambling, trading, risk intolerance and investing
An investment is a favourable bet. Gambling is an unfavourable bet.
Part 4: Principles of Operation
Decisions, decisions and the current down market
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.
Timing that’s not market timing
Too many investors focus on “outlook” and “trend.” Therefore, more profit is made by focusing on value
Margin of safety in portfolio and financial planning
Something that is over and above what is strictly necessary and that is designed to provide for emergencies
Which is more important, stock picking or process?
You may be the greatest stock picker in the world, but if you follow the wrong investment process/ the wrong investment style/ wrong Principles of Operation your investing will not be successful.
Losing the winning game
The betting errors made by the subjects included over-betting, under-betting, erratic-betting and betting based on previous flips
Growth for (value) investors
Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.
A steely eyed look at dividend investing
When we dig into it, it may not perform as well as we expect; it may carry more risks than we expect; and, there is a better way.
Bending our core investment principles
Sometimes the investment climate calls for a somewhat unbalanced portfolio.
How I invest my money
This approach has worked
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