Investing & trading: April - June 2015 articles archive home
 
Lessons from …
Lessons for investors from a failed climb on Everest, Swami Kuvalayananda, the big dawgs at the casinos and photo finishes.
Tuesday, June 23, 2015 ... more
 
 
Consensus
But for those of us who think that both capital appreciation and dividend income determine stock prices, correctly estimating future earnings is an essential element of success. Nor can we guess, or simply play hunches. The problem comes in forecasting earnings accurately enough to be of some value.
Tuesday, June 9, 2015 ... more
 
 
Mistakes
From Mehrab Irani, General Manager – Investments with Tata Investment Corporation: 10 most common investment mistakes:

1 Trying to catch the top and bottom …not realizing that only fools think they can do this.

2. It will come back. If the price of a stock has gone up or gone down for a good reason there’s no point waiting for it to “come back”.
Tuesday, June 2, 2015 ... more
 
 
Feelings
The idea that emotions are the root of trading problems - and that successful traders eliminate their emotions - is one of the great myths in the field.
Tuesday, May 19, 2015 ... more
 
 
Gross profit
Financial economist Robert Novy-Marx says a company’s gross profitability does as good a job of predicting its future returns as conventional value metrics like book-to-market.
Wednesday, May 13, 2015 ... more
 
 
What Darvas learnt
One of the quickest ways to lose money in the market is to listen to others and their so-called expert opinions. Follow your own strategy.
Tuesday, May 12, 2015 ... more
 
 
Don't lose money
Not losing money is a critical part of the investing process. The great investors say it in different ways, but the point is always the same.
Wednesday, May 6, 2015 ... more
 
 
More Livermore
when asked the direction you think the market is headed. Simply say: “The line of least resistance is either upward or downward at this time.” Remember, don’t fight the tape!
Tuesday, May 5, 2015 ... more
 
 
Rules
From Manufactured Luck: Ten Commandments: 1. Capital Preservation takes precedence over capital maximisation. 2. It is more important to finish the race as opposed to winning it. 3. Mr. Market is ...
Wednesday, April 29, 2015 ... more
 
 
Rules of the game
Mastering a game requires you to do the exact opposite of what everyone else does. Since 99.99% of people won’t master a game you need to do the reverse to conquer them.
Wednesday, April 22, 2015 ... more
 
Trying too hard
Trying harder in the markets doesn’t usually lead to better results. In fact, more often than not, it leads to a worse performance. Markets don’t always cooperate when you try to hit a certain return target either.
Tuesday, April 14, 2015 ... more
 
 
Peter
Peter Cundill on the worst investment he ever made " ... their accounting was flawed to say the least and they became obsessed by a technological dream" and scepticism "... but be a sceptic, not an iconoclast."
Wednesday, April 8, 2015 ... more
 
 
From the 2014 letter
If an investor fears price volatility, erroneously viewing it as a measure of risk, he may, ironically, end up doing some very risky things.
Wednesday, April 1, 2015 ... more
 
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