The price of risk in equity markets
Mr. Market demands a very high expected return before he will invest in stocks. Whereas Mr. Bond suffers money illusion.
common stocks
Sentiment and the four faces of risk
Ironically, the four faces of risk reverse actual risk. Risk is perceived to be highest in bear markets; moderate in sideways markets; increasingly lower in bull markets; and, more or less ignored, in bubbles.
Investment strategy – the best defense is a good offense
And if a person sets out to make profits from security purchases and sales, he is embarking on a business venture of his own, which must be run in accordance with accepted business principles if it is to have a chance of success.
Secure your future with common stocks
Businesses retain earnings, with these going on to generate still more earnings–and dividends, too.
Investing in businesses vs investing in stocks
When investing, we view ourselves as business analysts – not as market analysts, not as macroeconomic analysts, and not even as security analysts
Why stocks outperform all other asset classes
A major reason is that businesses retain earnings, with these going on to generate still more earnings–and dividends, too
Why an all-stock approach to investing makes good sense
Leaving moderate risk in the dust
I differ with Cliff Asness about Risk Adjusted Returns
Once you own shares in a company, the investment risk you face is a risk that undermines the value of what you own
The market can be beaten
He will risk half his fortune in the stock market with less reflection than he devoted to the selection of a medium-price automobile
Total real return investing
You should wish your earnings to be reinvested if they can be expected to earn high returns.
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