Investment Strategy

“After 28 years at this post, and 22 years before this in money management, I can sum up whatever wisdom I have accumulated this way: The trick is not to be the hottest stock-picker, the winning forecaster, or the developer of the neatest model; such victories are transient. The trick is to survive. Performing that […]

Living with a loss is folly, taking a loss is wisdom.” . . . Lewis Owen For years we have quoted Benjamin Graham’s book The￿Intelligent￿Investor, which Warren Buffet has said is the best book ever written on investing.The operative quote from said book is “The essence of portfolio management is the management of risks, not […]

“There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they kept regard for precedent.” So wrote Jesse Livermore, as chronicled in the brilliant book Reminiscences of a Stock Operator by Edwin Lefevre. Stock market historians will recall that […]

The Leonid meteor shower hit its zenith over the weekend, and you didn’t even need a telescope to see it. You did need a warm blanket, but all you had to do was lay down on your back to enjoy a great show. A meteor is a space rock, or meteoroid, that enters the Earth’s […]