Author Archives: Chris Karcher

Diversify and Conquer

|True diversification should mean looking across everything we own and ensuring there is always something of value that can be monetized, regardless of the economic environment.| Investing is not a zero-sum game. It is also a fallacy that someone else … Continue reading

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The Best Policy

|The most important takeaway from today’s musings is the importance of having a personal Investment Policy to help guide your asset acquisition activities.| About twenty-five years ago I wrote my first Investment Policy. The intention was to create a document … Continue reading

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It’s a Fool’s Errand

|During the last financial crisis, a manager at UBS commented that every investor should have a “SWAN” account—for “sleep well at night.”| ________________________________________ It’s a fool’s errand to try and explain daily gyrations in equity markets. The ride since the … Continue reading

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Think Like a Man of Action, Act Like a Man of Thought.

As financial markets continue in their highly erratic trajectory, amid Covid-19, they leave opportunity (as well as shock and awe) in their wake. This is a time when it is especially important to avoid emotional reactions and focus on intelligent … Continue reading

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On Prognostication

|We tend to brag about our most recent brilliant investment while conveniently forgetting our more frequent whiffs.| Chapter eleven from the first book of essays by Michel de Montaigne serves as a welcome reminder that some truths are beyond debate. … Continue reading

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When is a profit or a loss not really either one?

  |Successful investing is almost always a result of critical thinking and patience. When you decide to purchase any financial investment the reasons you would sell are just as important as why you are buying.| An unfortunately common story heard … Continue reading

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What is your portfolio’s credit score?

|The analogy of keeping credit risk low coupled with the value of dividends as a potential income stream suggest it is possible to move the odds, as much as possible, in your favor with some thoughtful analysis…. or put another … Continue reading

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Finance is a Brain

|An interesting quote from The Economist: “Finance is a brain for matching labour to capital, for allowing savers and borrowers to defer consumption or bring it forward, for enabling people to share, and trade, risk.”| For most of us, the … Continue reading

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Sell in May

|A market pullback is likely, maybe even inevitable, but market timing is a dangerous game.| With lots of anecdotal evidence suggesting caution when betting on the equities markets these days, maybe we shouldn’t be. An oft-discussed subject in what passes … Continue reading

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Skeletons Walk Where Questions Begin

|“Avoid the unforced error, nail the basics and don’t take outsized risks” might be the best advice the individual investor can follow.| An often-underestimated influence on equity and bond markets is the heavy hand of luck. Frankly, you can do … Continue reading

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