The wellbeing of the turkey and the margin of safety We are right smack in the middle of the holiday season. Thanksgiving has come and gone and the December holidays are imminent. This is not a good time to be a turkey – see the graphic below: It takes about 2.75 years for a turkey...Read More
Less complexity and less fees: it matters The reality is twofold in that (a) you don’t have to pay high fees for smart advice but (b) a great many folks are overpaying for investment advice. Investment advice and portfolio management are not priced like wine. When one purchases wine, it is perceived that the more...Read More
Investing is simple! There is no secret to investing (this is the secret). It really comes down to not making a great deal of investment errors coupled with investing in good companies. That’s It – 100%. That could be the whole article – don’t screw up and invest in companies that do well (or even...Read More
RISK – Two Views In investment management there are, essentially, two views on risk: The correct way: Risk is the potential for loss of capital. That’s it. Risk is defined by either making gains or incurring losses on your investment assets. Unequivocally, this is how most investment managers (and I do in my practice) should...Read More
Simply stellar thoughts on investing It is August. The markets are likely down – reacting negatively to some macro-European issue in Italy or Greece. You might be on vacation. You need some good, quick insights on investing. Here they are: The more comfortable an investment feels, the more likely you are to be slaughtered. The...Read More
Fantastic questions to ask your investment manager Call me biased, but I believe all investment managers (or anyone that manages money for you) should do so in the most simple, low-fee, efficient manner possible with an absolute adherence to fiduciary best practices. Wow Sean – what does that mean exactly? I will explain via questions...Read More
What is the benefit of an independent investment manager? I am very pleased you asked this poignant question. Independent investment managers are not directly affiliated with any bank or brokerage firm. Thus, independent investment managers can offer clients the following: OBJECTIVE INVESMENT RECOMMENDATIONS: Independent investment managers are not required to sell YOU an expensive proprietary...Read More
The real secret to investing “Time is the best teacher, but unfortunately, it kills all of its students.” —Robin Williams (1951-2014) The real secret to investing is that there is no secret to investing. Time is the only advantage one investor truly has over another. Yes, one could opine that highly-paid investment analysts with direct...Read More
Great investment ideas start from disasters It is true. You just may not know it at the time – but disasters are very fertile grounds for finding undervalued securities for investment. Disasters are the catalytic event that unlock the difference between the price of a security and that security’s value. The price of a security...Read More
