Nuggets of Investing Wisdom

Nuggets of Investing Wisdom

A website for serious investors in common stocks

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How to distinguish a superb value creator from an also ran

  • by Rodney Smith
  • Posted on June 25, 2023June 25, 2023
  • Part 6: The Hallmarks of Superb Businesses

The best business to own is one that over an extended period can employ large amounts of incremental capital at very high rates of return

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A special talent for converting life’s setbacks into future successes

  • by Rodney Smith
  • Posted on June 18, 2023June 21, 2023
  • Part 3: Thoughts for the Individual Investor

The most successful sailors are those who have a particular mindset in how they deal with the setbacks.

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The best performance is produced by a person and not by a committee

  • by Rodney Smith
  • Posted on June 11, 2023June 11, 2023
  • Part 3: Thoughts for the Individual Investor

Doing what everybody else is doing at the moment, and therefore what you have an almost irresistible urge to do, is often the wrong thing to do at all

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Minimizing regret is a loser’s strategy

  • by Rodney Smith
  • Posted on June 5, 2023June 5, 2023
  • Part 2: Human Foibles and Investment Decision Making

Really wonderful companies will often get overpriced and selling means losing a position in a first-rate company.

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Mistaken views about international stocks by ADQ and GMO

  • by Rodney Smith
  • Posted on May 28, 2023May 28, 2023
  • Part 7: Building and Managing a Portfolio

As John Templeton would advise, you look for your bargains amongst individual stocks

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The hows and whys of investing for superior returns

  • by Rodney Smith
  • Posted on May 2, 2023May 2, 2023
  • Part 4: Principles of Operation

Worth reading because I have beaten the market for 1,3 and 50 years

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Investment decision making in face of uncertainty

  • by Rodney Smith
  • Posted on April 16, 2023April 16, 2023
  • Part 4: Principles of Operation

Robust decision-making embraces many plausible futures, then helps analysts and decision makers identify near-term actions that are robust across a very wide range of futures

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Banks’ reported returns on tangible common equity are a con game

  • by Rodney Smith
  • Posted on April 9, 2023April 10, 2023
  • Part 6: The Hallmarks of Superb Businesses

JPMorgan Chase reported strong results in the fourth quarter as we earned $11.0 billion in net income…and an ROTCE of 20%

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How I invest my money

  • by Rodney Smith
  • Posted on April 4, 2023April 5, 2023
  • Part 4: Principles of Operation

What a value investor’s concentrated portfolio looks like.

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The bitterest way to learn investing wisdom

  • by Rodney Smith
  • Posted on March 28, 2023March 28, 2023
  • Part 3: Thoughts for the Individual Investor

If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original.

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