[Ed Easterling of Crestmont Research] favors us with yet another book, called Probable Outcomes: Secular Stock Market Insights, in which he takes on the mostly silly research, done by so many analysts, that purports to show what an investor can expect to make from his retirement portfolio over time. I can’t tell you how disastrous…
Stock market activity over the last ten years has proven that “buy and hold” is a dead concept and it’s very likely that going forward over the next ten years, “buy and hold” will continue to be an invalid and ineffective concept. Because over the last ten years, the S&P 500 has generated a negative…
I don’t think the market discounts anything anymore. I think it is purely a day trader’s market that’s trading off the Fed, trading off the headlines. One day it’s manic. The next day it’s depressive. I think we can’t really draw any conclusions. ~David Stockman Update: This article was included in the Carnival of Wealth…
A single conversation with a wise man is better than ten years of study. ~Chinese Proverb Yesterday I introduced you to Thomas, a regular reader who offered some general investment thoughts. Today, he shares some more specific ideas gleaned from 35 years of do-it-yourself investing. For the record, his professionally managed portfolios lost about 30%…
Everybody is a genius. But, if you judge a fish by its ability to climb a tree, it will spend its whole life believing that it is stupid. ~Albert Einstein Update: This article was included in the Canadian Personal Finance & Investing Carnival #9 at Investing Thesis. Thanks! Last week I wrote about what it…
Just remember, there’s a right way and a wrong way to do everything and the wrong way is to keep trying to make everybody else do it the right way. ~ M*A*S*H, Colonel Potter Update: This article was included in the Carnival of Wealth #9 posted at Personal Dividends and in The Carnival of Financial…
Advice to children crossing the street: damn the lights. Watch the cars. The lights ain’t never killed nobody. ~Moms Mabley As adults, we often remind our children to watch the traffic lights when crossing the street. That seems like good advice, but it won’t necessarily guarantee that our kids will be safe. If the drivers…
Life is the sum of all your choices. ~Albert Camus Update: This article was included in the Carnival of Wealth #6 posted at Personal Dividends. Thanks! Many have described the current economic and investing environment as uncertain and confusing. Indeed, individual investor sentiment as tracked by the AAII survey has flip-flopped from decidedly negative at…
