Institutional Imperative – How “Smart Money” Loses
Who exactly is “The Market”?. The answer: Institutions. And most of them behave stupidly. Much to the intelligent investor’s delight.
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Irrational Markets – From Tulip Mania to Electric Cars
We think we’re rational… But we really aren’t. The place where you really need to control yourself is the stock market.
Board Size – In Search of Optimality
Evaluating the board of directors? Who the **** does that? I do. And you should too.
Share Buybacks – Of Sense and Nonsense
Share buybacks are common in publicly traded companies. But they can destroy value just as they can create it.
Mean Reversion – Understand it, But Don’t Rely on It!
Don’t rely on mean reversion alone. Fundamental deterioration can be hard to spot.
Dividends During a Pandemic – Should Companies Pay Them?
Just some thoughts about current events. What should companies do during these crazy times?
Time Arbitrage – The Investor’s Best Friend
Time arbitrage is a fancy word for patience. Sounds simple, but this is the key to successful investing. And it’s one of your greatest assets.
Shareholder Value & Values – No Need To Sacrifice One For The Other
Invest with your values. I recommend being a conscious capitalist and look for win-win situations.
Recession Incoming? Never Panic With The Herd
Uncertainty has entered in full force. Will there be a possible buying opportunity soon?
Overconfident Investing – If You Do It, You Will Suffer
Overconfidence in your abilities can (and will) get you into trouble. The market reveals who you REALLY are.