If successful investing was as easy as acting on the headlines of the financial press or the latest stockbroker bulletin, we’d all be wealthy indeed. Very wealthy and
Not many investors have been likened to Warren Buffett in their investment career. Besides numerous other aspects, you would need to have an incredible track record for one,
If you’re a fan of Warren Buffett you’re probably aware that for the last forty years or so, he’s admonished the merits of investing in airlines. It’s little
Would you consider $300,000 a fair price for a book? Charlie Munger did, and he even considered it ‘light’ payment, considering the billions he made from the learnings
Facts are important. They are the fundamental truth that allows us to make decisions. They allow us to determine what is right and what is wrong. They help
Who doesn’t love a story? Those tales of woe and drama, intrigue and suspense; and the better the storyteller the more we’re usually hooked. Stories sell. We often
The financial market is an information jungle with constantly arising dangers, opportunities, delusions, and discoveries. How to increase the chances not only to survive in this severe environment
We all know how important an understanding of psychology is to sound investment practices. And when Charlie Munger espouses the virtues of someone he considers a leader in
You will have noticed, no doubt, my belief that the information we use to make investment decisions comes from a variety of sources. The data is lurking out
One of Warren Buffett’s most famous sayings is: “To be Successful in the Stock Market, Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.” The challenge for
We’ve spent some time in recent posts going over many of the similarities that exist between the methodology and practices of the great Investors. Most of these people
In the history of mankind, no single nation has developed, grown and innovated like the United States of America. No other country on Earth can boast what they
What if learning how to be a successful investor was more than learning about finance and economics? What if other fields of study played a major role in
October 15, 2014 was a rocky day for investors in the stock market, which at its lowest point dipped 460 points, close to “correction” status. A late-day rally saw
While behavioural finance is a relatively new field of study, it is one that has a profound effect on the fiscal marketplace. In simple terms, of course, behavioural finance
One of Warren Buffett’s favorite investment books of all time is Common Stocks and Uncommon Profits by Philip A. Fisher. Buffett has credited this book as a great influence on
This post was originally published on Call Levels. The field of behavioral finance was validated when the 2002 Nobel Memorial Prize in Economics was awarded to psychologist Daniel
Our brains are incredible things. Every minute of every day our minds absorb tremendous amounts of new information. Some of this information we consciously think about, question, work on,
Regardless of your political beliefs, Donald Trump’s presidential victory on Tuesday night was definitely a shocker. But as Barry Ritholtz over at The Big Picture notes, “One of
Daniel Kahneman is a professor of behavioral & cognitive psychology at Princeton, winner of the 2002 Nobel Prize for economics, and author of the best-selling book on cognitive
