Nuggets of Investing Wisdom

Nuggets of Investing Wisdom

A website for serious investors in common stocks

Skip to content
  • Home
  • About
  • Terms and Conditions
  • Login
  • Motherlode

Part 7: Building and Managing a Portfolio

Buying tactics for common stocks

  • by Rodney Smith
  • Posted on February 21, 2021February 21, 2021
  • Part 7: Building and Managing a Portfolio

We give up on trying to attain perfection or ascertain when the bottom has been reached

Read More

Heart of stock valuation: subtleties of free cash flow

  • by Rodney Smith
  • Posted on January 24, 2021January 24, 2021
  • Part 7: Building and Managing a Portfolio

If a company’s capital expenditures are simply maintaining the company’s position in its markets, it free cash flow may be unduly high

Read More

The problem with analysts’ target prices

  • by Rodney Smith
  • Posted on January 17, 2021January 21, 2021
  • Part 7: Building and Managing a Portfolio

The sell side analyst’s target prices do not estimate fair value. DCF estimates do just that. Investors should not confuse the two.

Read More

My investment plan for 2021

  • by Rodney Smith
  • Posted on January 3, 2021January 4, 2021
  • Part 7: Building and Managing a Portfolio

Plan for the worst. Hope for the best. And don’t agonize.

Read More

Why you can safely ignore market (and economic) predictions.

  • by Rodney Smith
  • Posted on December 21, 2020December 22, 2020
  • Part 7: Building and Managing a Portfolio

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.

Read More

Stock valuation in an age of intangible assets

  • by Rodney Smith
  • Posted on November 29, 2020December 1, 2020
  • Part 7: Building and Managing a Portfolio

About forty years ago Buffett experienced a Damascene conversion

Read More

An all bank portfolio, ETFs and mistaken notions of diversification and balance

  • by Rodney Smith
  • Posted on November 1, 2020January 12, 2021
  • Part 7: Building and Managing a Portfolio

As the play, The Merchant of Venice, unfolds, all of Antonio’s ships sink, his business collapses and Shylock demands his pound of flesh.

Read More

Analysts’ reports and the estimate revision game

  • by Rodney Smith
  • Posted on September 27, 2020September 27, 2020
  • Part 7: Building and Managing a Portfolio

Even with overly optimistic earnings estimates companies regularly ‘beat’ the estimates. What gives?

Read More

The pitfalls of a sector rotation strategy

  • by Rodney Smith
  • Posted on August 30, 2020August 30, 2020
  • Part 7: Building and Managing a Portfolio

Investing based essentially on the business cycle outlook is a fools’ game.

Read More

Conservative investors win – conventional investors lose

  • by Rodney Smith
  • Posted on July 19, 2020July 19, 2020
  • Part 7: Building and Managing a Portfolio

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally

Read More

Posts navigation

Older posts

How This Site Works

The site has two parts – Nuggets and the Investing Motherlode. Nuggets is a blog. The Motherlode is a rich resource and is only available to Subscribers (free). To subscribe, click on the Login tab or on any link within the Motherlode and fill in the form. You can also subscribe, for free, to a monthly newsletter, Nuggets of Investing Wisdom, right to your inbox.

 

Categories

Privacy & Cookies: This site uses cookies. By using the website you consent to their use, and to the Terms and Conditions described in this link, and also available from the menu bar at the top of the page. Terms & Conditions