Category Archives: Investment

Getting High

|Should you buy a stock whose price is at a 52-week or all-time high? Or does this even matter to someone looking to invest for the long term?| Some very smart investors offer conflicting advice. It has been argued that … Continue reading

Posted in Investment | Tagged , , | Leave a comment

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

Posted in Investment | Tagged , , | Leave a comment

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

Posted in Investment | Tagged , , | Leave a comment

The Investor’s Edge

|Let’s take a more nuanced view and talk about individual stocks and not the markets since the word “average” doesn’t seem to apply right now.| Not much new here. Markets are more manic than normal, though these are hardly normal … Continue reading

Posted in Investment | Tagged , | Leave a comment

Don’t Let The Gold Bug Bite

As it tends to do in tumultuous times, gold is once again shining brightly. There was a sort-of Mea Culpa recently by one of my favorite financial authors, Jason Zweig, in the Wall Street Journal. Reflecting back on a comment … Continue reading

Posted in Investment | Tagged , , | Leave a comment

Don’t Forget to Breathe

|A real investment strategy is not a document or a forecast, but a viewpoint about how to respond to the forces at work around us.| I am often admonished by my boxing trainer to breathe. Trying to control my footwork … Continue reading

Posted in Investment | Tagged , , | 2 Comments

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

Posted in Investment | Tagged , , | 1 Comment

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

Posted in Investment | Tagged , | 6 Comments

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

Posted in Investment | Tagged , , , | Leave a comment

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

Posted in Investment | Tagged , , , | 2 Comments