Nuggets of Investing Wisdom

Nuggets of Investing Wisdom

A website for serious investors in common stocks – Read by investors in over 150 countries around the world

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Uncertainty

The conventional view of market efficiency is badly mistaken

  • by Rodney Smith
  • Posted on March 2, 2020July 11, 2025
  • Part 1: The Field of Play

Prices in the stock market are never a reliable guide to the fair value of a stock.

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Acting with imperfect information

  • by Rodney Smith
  • Posted on September 19, 2019November 18, 2019
  • Part 3: Thoughts for the Individual Investor

It is all very good to recommend caution, but decisions must be made. In truth, many policies must be established and decisions made with imperfect understanding of the facts and of the risks.

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