Robert Kiyosaki
Article

8 Key Factors to be a Great Investor

By Robert Kiyosaki from Daily Reckoning  | 22 December 2018 Rich dad used to say, “When it comes to money, many people are financial hypochondriacs.” Their thinking comes from the lower mind which blurs their vision of the future. These are the people who often drive their car by looking into the rearview mirror. Their fear of […]

Bruce Greenwald
Article

Bruce Greenwald Presentation

Bruce Greenwald, Robert Heilbrunn Professor of Finance and Asset Management, Director of the Heilbrunn Center for Graham and Dodd Investing at Columbia Business School, and author of the excellent Value Investing: From Graham to Buffett and Beyond delivered a presentation to the 12th International Post Keynesian Conference Wednesday September 24, 2014. He had some interesting comments on deep value investing cued up at […]

Edge
Article

Three Sources of “Edge”

 Analytical edge o Investment framework; smarts/IQ; experience; technical expertise (in a sector/security/geography/etc.)  Psychological edge o Willingness to bear pain and delay gratification; avoidance of (or ability to exploit) fear and greed; lack of interest in one’s popular perception; willingness and ability to go against the crowd when appropriate.  Institutional edge o Properly […]

Re-Investment
Article

Great Re-Investment Opportunities

“After ten years in the job, a CEO whose company retains earnings equal to 10% of net worth, will have been responsible for the deployment of more than 60% of all capital at work in the business.” Warren Buffett “Over a period of years, our thinking has focused more and more on the issue  of reinvestment as the single most critical […]

Mistakes
Article

Charlie Munger on Mistakes

Biggest mistakes Munger: “The most extreme mistakes in Berkshire’s history have been mistakes of omission. We saw it, but didn’t act on it. They’re huge mistakes — we’ve lost billions. And we keep doing it. We’re getting better at it. We never get over it.” “There are two types of mistakes: 1) doing nothing; what […]

Commodity price cycle
Article

The Economic/Commodity price cycle

Cyclical companies are at the mercy of the economic cycle. While it is true that good management and the right strategic and business choices can make some cyclical firms less exposed to movements in the economy, the odds are high that all cyclical companies will see revenues decrease in the face of a significant economic […]

economic machine
Article

Ray Dalio explain how the economic machine works

Transactions are the economy The economy is made up of millions of transactions between people, government and businesses. When we exchange money or credit with someone for goods, services or financial assets, a transaction is created. The action of spending drives the economy – one person’s spending is another person’s income. Credit is important and […]

DIVIDENDS
Article

WHY DIVIDENDS ARE IMPORTANT

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities in markets studied. Stocks with high and apparently sustainable dividend yields that are competitive with high quality bond yields may be more resistant to a decline in price than lower-yielding securities because the stock […]

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