Saturday, October 1, 2016
Monday, August 29, 2016
Note to Self
Stay away from market prognosticators. Never ever try to time the market. Nobody has ever done this successfully and consistently. Hunting the tops and bottoms is a myth. This is valid today and will remain so in the future. Do not gravitate towards quantitative market timers. Even a broken clock is right twice a day; always judge them on their overall record.
Sunday, July 24, 2016
Monday, July 18, 2016
Saturday, July 9, 2016
Thursday, July 7, 2016
Thursday, April 14, 2016
Debt: The Double Edged Sword
Source: Aswath Damodaran's Blog
Damodaran: "One constraint that I will bring into my own investments decisions in
2016 is a greater awareness of financial leverage, where in addition to
valuing businesses as going concerns, I will also look at how much debt
they owe. I will not reflexively avoid companies that have borrowed
substantial amounts, but I will have to realistically assess how much
this debt exposes them to failure risk, before I pull the "buy" trigger."
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