Tapping into the wealth created by stock market investing
The vast majority of wealth creation comes from a reasonably sized cohort of successful companies. The trick is to identify these wonderful businesses.
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How to distinguish a superb value creator from an also ran
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
How Warren Buffett was influenced by Philip Fisher
If the job has been correctly done when a common stock is purchased, the time to sell it is – almost never
How Warren Buffett’s approach diverged from Ben Graham
Buffett analyzed companies more subjectively than Graham, and he found intrinsic value in companies, such as See’s Candies, that Graham would not have touched.
A set of rules to develop a behavioral edge – Part 1
Today everyone is fretting about inflation and the potential for a recession. Trying to decide on the outlook for these macro-economic things can be a distraction.
Active investing is an oxymoron
Inactivity strikes us as intelligent behavior
Which is better: top down or bottom up investing?
Many investors have lost money trying to tie their fortunes to a trend such as demographics and an aging population.
There’s a time to hold ‘em and a time to fold ‘em.
The investment principles around selling losers and holding winners are one of the most important and subtle topics in investing; laden with psychological pitfalls
Concentrate on smaller-picture things
The small picture is its specialist technical, engineering, construction and operational skill and economic performance
How to identify great companies to invest in – Part l
Buffett uses Owner Earnings to judge the performance of a company and its management. He also uses Owner Earnings to assess the intrinsic value of a company.
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