Coping with luck – good and bad
They must avoid the temptation to say that lady luck owes them one and take outsized risks
risk
Luck and taking a flyer
The notions of coherence, plausibility, and probability are easily confused by the unwary.
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
What it means to not lose money
People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences
What to make of recent market run up?
Rising prices are a narcotic that affect the reasoning power up and down the line
Uncertainty is the investor’s best friend
We must be content with hunches and alternative scenarios instead of determinate predictions
My thoughts on second edition of The Four Pillars of Investing by William Bernstein
We think the very term ‘value investing’ is redundant. What is ‘investing’ if it is not the act of seeking value at least sufficient to justify the amount paid?
Buying stocks in your happy zone
If I have to bite at stuff that is out of my happy zone, I’m not a .334 hitter
A special talent for converting life’s setbacks into future successes
The most successful sailors are those who have a particular mindset in how they deal with the setbacks.
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