Les Schwab
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Business Lessons From Les Schwab

“I think the biggest misconception the public has about a successful businessman is he is working for more money. You won’t find many truly successful ones that are greedy.” “I’ve always wanted to be the best tire dealer, not necessarily the largest tire dealer.” “I told my managers .. ‘If you don’t do for your employees what I have done for you, then this company […]

Investment Vs. Speculation
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Investment Vs. Speculation

“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” — Ben Graham It occurs to me that the typical individual who buys and sells common stocks makes little or no distinction between the concepts of speculation versus investment. Instead they […]

Framing Effect
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Framing Effect

Framing effect, in general, is the tendency of the people’s decisions to get affected by the way in which the choices are framed. The minds of individuals react differently to the information based on the way it is presented. The perception changes as a function of some variation in framing. The framing effect has significant impact on […]

Success
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The Science of Success Lessons from Charles G. Koch

The Science of Success Lessons from Charles G. Koch “The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble. —RALPH WALDO EMERSON”  “My lessons weren’t specific to business, but they were fundamental values—integrity, humility, responsibility, work ethic, entrepreneurship, a thirst for knowledge, […]

Market Model
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Cheung’s Market Mood Model

There are six phases of market mood in Cheung’s model: Normal— This is the base-building or consolidation phase where fundamentals are poor but stabilizing. Value investors are showing interest. Hypomania— Favorable news shocks hit the market, and prices break higher out of consolidation. Speculators, focused on short-term gains, begin buying. As the market continues higher, […]

Warren Buffett has said, value and growth “are joined at the hip.”
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Warren Buffett has said, value and growth “are joined at the hip.”

Warren Buffett has said, value and growth “are joined at the hip.” See growth is always a component in the calculation of the intrinsic value of a stock. Sometimes growth is enormously important to the calculation of value. Sometimes it’s not important at all. Sometimes growth positively impacts value. Sometimes growth can negatively impact value. […]