Have a good read while we are away on holiday for a few weeks
This first one is timely as the stock market is currently in a blue funk
This first one is timely as the stock market is currently in a blue funk
The Tags Index on the home page gives easy access to over 130 great posts on everything from Investment Psychology to Warren Buffett’s concept of Economic Goodwill vs Accounting Goodwill.
CAPE is ignorant of interest rates
A fancy spreadsheet will give precise numbers but can also give you a false sense of accuracy.
A high ratio of price to book value, a high price-earnings ratio, and a low dividend yield – are in no way inconsistent with a ‘value’ purchase.
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.
About forty years ago Buffett experienced a Damascene conversion
Be prepared financially and psychologically to live through a series of bull markets and bear markets because in the long run common stock will pay off enormously and the next bull market will carry prices far higher than this one
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