Tag Archive: Strategy

Royalty Review: Slice the Pie

Posted: October 8, 2014

Buying a royalty is buying an income stream, which will fluctuate, but will never be negative. The primary risk is opportunity risk, not decline in investment value.

Correlation ≠ Causation

Posted: January 28, 2014

If you think a Seattle Seahawks win means the market will rise, you are smoking the good stuff. The game means nothing with regard to how market events unfold.

There is No “New” Year

Posted: January 6, 2014

For experienced investors, New Year’s is just like any other day. Why should major trends reverse just because I’ve gotten a new day planner?

The Best Laid Plans

Posted: December 12, 2013

The belief that “this time it’s different” characterizes the complete abandonment of rational perception we seek to avoid, or in many cases sell short.

Mind Your Own Business

Posted: November 13, 2013

The more we talk about our positions, the more likely we are to be influenced by other people’s opinions or our own emotional attachment. There’s really no good that comes from gab.

Think Young

Posted: October 18, 2013

While older-thinking investors tend to be naysayers who ask “why?”, those with a younger perspective think big and instead ask “why not?”

Y!: $JCP at 1974 Price

Posted: September 27, 2013

To turn around in the long-term, J.C. Penney has to start by turning around, at least a little bit, in the short-term,” Hoenig says.

Worship Trend

Posted: September 26, 2013

My adult life began the day I understood persistence of trend. This undeniable truth increased my profitability and changed the way I look at the world.