Omaha Charts – Perspective
Thoughts On Speculative Account Management
To a great extent, the performance of an account is directly proportional to how quickly the management can admit they were wrong. Your money is supposed to be working for you, not against you.
Investment Selection – Final Thoughts
This is another area that can mean the difference between winning and losing in the market. When you initiate a position, you do so with a relatively small position relative to how much of it you eventually would like to own.
Investment Selection – Part Two
Personally, I use probably no less than 20 different methods (filters) to identify stocks worthy of my capital, and my client’s capital. This is where my bread is buttered, so I will only give a teaser here….
Investment Selection – Part One
Buy and sell timing – this is not as simple as buying low and selling high. This is actually not simple at all. Expecting success solely through market timing will lead to your financial ruin.
Thoughts On Position
This is another area that can mean the difference between winning and losing in the market. When you initiate a position, you do so with a relatively small position relative to how much of it you eventually would like to own.
Thoughts On Account Protection
The value of your account trumps everything else going on in the market, at all times. Protect the value of your account. If you are wrong, admit it, get your money off the table and start over. You will have a comparatively higher value to resume compounding from. And from experience, once you go to […]
Thoughts On Tax-Driven Decision Making
Simply put, all else being equal, taxes due to the government are directly proportional to the money you’ve made. If you’ve never had to pay taxes on investments, forgiving significant write-offs elsewhere, you’ve never made money in stocks, unless of course we’re talking about qualified retirement accounts, and you will eventually have to pay taxes […]
Thoughts On Flawed Investment Styles
Do it yourself – I would absolutely encourage everyone to manage their own accounts. This however, requires countless hours of reading, research and maintenance every week, and a level of expertise commensurate with a successful professional. Sometimes that’s not saying all that much though… But anyway, as a DIYer, you can never take your eyes […]
Thoughts On The Market In General
Note: This is a piece from 2011 but felt the relevance still holds today. {Reminder: this was written a couple of years ago, since then things have begun to look more encouraging with regard to housing. Market conditions have changed as well but I thought some of this might be helpful anyway. -RM} The market […]