Subscribe via RSS Feed Connect on Google Plus

Ben Graham’s Words of Wisdom From Security Analysis Part 1

February 25, 2015 0 Comments
Ben Graham’s Words of Wisdom From Security Analysis Part 1

Image courtesy of pannawat at FreeDigitalPhotos.net I recently re-read the so-called Bible of value investing – Security Analysis. And there were so many rich paragraphs and sentences in the book which really cut right to the core of important value investing principles and offer deep insights into the functioning of markets and human nature. After […]

Continue Reading »

Why the oil price could continue to trend upwards despite the persistent glut in supply

February 18, 2015 0 Comments
Why the oil price could continue to trend upwards despite the persistent glut in supply

This post will explore a bit of basic economic logic which appears to be escaping the grasp of many energy analysts lately. Not all are making this mistake, but enough are that I figured I would write an article to clarify this train of reasoning. Image courtesy of Master isolated images at FreeDigitalPhotos.net I continue […]

Continue Reading »

Want to be a better investor? Stop reasoning and be more emotional.

August 25, 2014 5 Comments
Want to be a better investor? Stop reasoning and be more emotional.

Don’t take this article too seriously – the title is tongue-in-cheek. Often times when a philosopher is trying to make a point they will apply over-the-top rhetoric which isn’t meant to be taken at face value, but which points to something true or interesting. So in a similar vein, this quick article, while not very […]

Continue Reading »

Margin of Safety – Quotes

July 21, 2014 0 Comments
Margin of Safety – Quotes

“Investors are frequently lured by the prospect of quick and easy gain and fall victim to the many fads of Wall Street.” “Once you adopt a value-investment strategy, any other investment behavior starts to seem like gambling.” “There is the old story about the market craze in sardine trading when the sardines disappeared from their […]

Continue Reading »

Reflexivity and Availability Cascades: Do the forces of supply and demand determine the market, or does the market determine supply and demand?

July 15, 2014 0 Comments
Reflexivity and Availability Cascades: Do the forces of supply and demand determine the market, or does the market determine supply and demand?

Image courtesy of Danilo Rizzuti / FreeDigitalPhotos.net The concept of reflexivity is perhaps the most intuitively obvious framework I have ever come across, and yet it is extremely difficult to properly and succinctly convey in words. I had to read George Soros’ great book The Alchemy of Finance back to back before I felt I […]

Continue Reading »

Alchemy of Finance – Notes and Quotes

June 9, 2014 6 Comments
Alchemy of Finance – Notes and Quotes

Image courtesy of jscreationzs / FreeDigitalPhotos.net Here’s a selection of fantastic quotes I pulled from George Soros’ book, The Alchemy of Finance. I have also included a few personal notes. The Alchemy of Finance is a tough read and is not for the faint of heart. I just read through it twice in a period […]

Continue Reading »

Investment Bias Part 3: Avoiding Anchors

June 2, 2014 4 Comments
Investment Bias Part 3: Avoiding Anchors

This is part 3 of my Investment Bias series and is an excerpt from the Practical Guide To Curing Investment Bias, which is available for FREE via subscription. Image courtesy of cbenjasuwan / FreeDigitalPhotos.net Description Anchoring is the tendency to formulate an estimate by using a process that begins with an initial number (the anchor) […]

Continue Reading »

Weekend Reading (05/30/14)

May 30, 2014 3 Comments
Weekend Reading (05/30/14)

Value and Opportunity – It’s always a treat seeing this blogger pick apart and really dig into companies. I continue to pick up little valuation tricks here and there whenever I read this author. If you are interested in learning about Europe in general, or Germany in particular (as far as potential investments go) then […]

Continue Reading »

Stock Market Bubbles: Beware the Positive Black Swan

May 26, 2014 2 Comments
Stock Market Bubbles: Beware the Positive Black Swan

Image courtesy of arztsamui / FreeDigitalPhotos.netI am going to take a brief look at a few revolutionary technologies – all Black Swan events, to hopefully give you a sense that great stock market bubbles typically involve a Black Swan technological breakthrough, which has broad implications spanning across many different industries. The new technology is always […]

Continue Reading »

Investment Bias Part 2: Introduction to Dual Process Theory (DPT) of Decision Making

May 20, 2014 1 Comment
Investment Bias Part 2: Introduction to Dual Process Theory (DPT) of Decision Making

This is part 2 of my Investment Bias series and is an excerpt from the Practical Guide To Curing Investment Bias, which is available for FREE via subscription. Description <div style="float: left; margin-right: 15px;" Image courtesy of winnond / FreeDigitalPhotos.net In Dual Process Theory (DPT), cognition is dominated by either Process 1 or Process 2 […]

Continue Reading »