Today’s FAAMGNs, that is today’s ‘vital few’, will not be the ‘vital few’ 20 years from now
We give up on trying to attain perfection or ascertain when the bottom has been reached
63 per cent of respondents said the pressure to demonstrate short-term financial performance had increased over the last five years
While the Fed had no explicit mandate to focus on the stock market, the effects of the run-up in prices seemed to me a legitimate concern
In such an environment, many investors actually consider investments they are making are low risk when, in fact, they are higher risk.
If a company’s capital expenditures are simply maintaining the company’s position in its markets, it free cash flow may be unduly high
The sell side analyst’s target prices do not estimate fair value. DCF estimates do just that. Investors should not confuse the two.
Today’s investor cannot tell what percentage gain in earnings, dividends and prices he may expect in the next ten years
Plan for the worst. Hope for the best. And don’t agonize.
The moral courage to act ‘in opposition to the crowd’ when your judgement tells you are right