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Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts
Tuesday, January 17, 2023

"In a world in which most investors appear interested in figuring out how to make money every second and chase the idea du jour, there's also something validating about the message that it's okay to do nothing and wait for opportunities to present themselves or to pay off. That's lonely and contrary a lot of the time, but reminding yourself that that's what it takes is quite helpful." --Seth A. Klarman

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Caldron Bubble CALDRON BUBBLE (January 17, 2023): We are in the second year of the collapse of the "everything bubble."...
Sunday, February 6, 2022

“The real secret to investing is that there is no secret to investing.” --Seth A. Klarman

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Up Your Asset Allocation UP YOUR ASSET ALLOCATION (February 6, 2022): Surprisingly few people recognize how dramatically the fi...
Monday, January 17, 2022

“The success of contrarian strategies requires you at times to go against gut reactions, the prevailing beliefs in the marketplace, and the experts you respect.” --David Dreman

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Déjà Vu All Over Again DÉJÀ VU ALL OVER AGAIN (January 17, 2022): Most investors are either treating 2022 as though it will be ...
Wednesday, November 24, 2021

“With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future.” --Carlos Slim Helu

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Nasty Mean Reversion NASTY MEAN REVERSION (November 24, 2021): There is a fascinating paradox in the financial markets. The most ...
Wednesday, December 4, 2019

“To buy when others are despondently selling and to sell when others are avidly buying requires the greatest of fortitude and pays the greatest ultimate rewards.” --John Templeton

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INFLATION'S GYRATIONS (December 4, 2019): When I wrote my last update on August 7, 2019--I will try not to wait so long before the ne...
Wednesday, August 7, 2019

“The hardest thing over the years has been having the courage to go against the dominant wisdom of the time, to have a view that is at variance with the present consensus and bet that view.” --Michael Steinhardt

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INFLATION BEFORE RECESSION: BUY ENERGY SHARES (August 7, 2019): The media have become obsessed with the belief that the U.S. economy is ...
Tuesday, May 28, 2019

“To succeed as a contrarian you must recognize what the crowd believes, have concrete justification for why the majority is wrong, and have the patience and conviction to stick with what is, by definition, an unpopular bet.” --Whitney Tilson

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GOLDILOCKS AND THE THREE BEARS (May 28, 2019): Beginning around the end of 2006 it was common to hear that the U.S. stock market would ke...