“The standard policy of people all over the world, who mistrust their currency has been to buy and hold gold.”- The Intelligent Investor “You can fondle it, you can polish it, you can stare at it. But it isn’t going to do anything.” That’s what Warren Buffett had to say about gold. Essentially it is … Read more
“Researching and selecting your own stocks is not necessary; for most people, it is not even advisable. However, some investors do enjoy the diversion and intellectual challenge of picking individual stocks – and, if you have survived a bear market and still enjoy picking stocks, then nothing that Graham or I could say will dissuade … Read more
“Aside from forecasting the movements of the general market, much effort and ability are directed on Wall Street toward selecting stocks or industrial groups that in matter of price will ‘do better’ than the rest over a fairly short period in the future. Logical as this endeavor may seem, we do not believe it is … Read more
“The investor must demand a satisfactory ratio of earnings to price, a sufficiently strong financial position, and the prospect that its earnings will at least be maintained over the years. This may appear like demanding a lot from a modestly priced stock but the prescription is not hard to fill under all but dangerously high … Read more
It is an indication of the sorry state of affairs in investor education that market linked insurance schemes get more fund inflows than mutual funds in India. The war between the capital market and insurance regulators was never fully resolved, though it led to some changes in structure of market linked insurance plans, and perhaps … Read more
Have read “The Intelligent Investor” by Benjamin Graham many times. Every time I read it fully or even in part – I am amazed by the depth, clarity and advice laid out in the book, and relevant every bit today, irrespective of the fact that it was written in the 1940’s. Such a piece of … Read more
“The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizeable declines nor become excited by sizeable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored. He should never buy a … Read more
It is unusual for a large global investment bank to present research on the psychology of happiness as part of their Global Equity Research. But that is exactly what I found in this attached document from Dresdner Kleinwort Wasserstein. If you are looking for investment related advice, read no further. Also, if you invest in the hope of being financially well-off … Read more
“Basically, price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal. At other times, he will do better if he forgets about the stock market and pays attention to his dividend … Read more