(Excerpt from The Psychology of Money by Morgan Housel) Graham was constantly experimenting and retesting his assumptions and seeking out what works—not what worked yesterday but what works today. In each revised...
September 28, 2020|
(Excerpt from The Psychology of Money by Morgan Housel) Benjamin Graham is known as one of the greatest investors of all time, the father of value investing and the early mentor of Warren Buffett. But the majority of...
September 26, 2020|
Investing, Luck, Randomness
(Extracted from The Intelligent Investor by Benjamin Graham) If most secondary issues tend normally to be undervalued, what reason has the investor to believe that he can profit from such a situation? For if it...
October 1, 2019|
(Excerpt from The Intelligent Investor by Benjamin Graham) The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with...
September 23, 2019|
Fallibility, Investing, Overconfidence Bias, Randomness