What mindset underlies successful investment? How does an investor worthy of the name cope emotionally with sudden and sharp falls, as well as extended contractions, of individual stocks’ prices and market indexes’ levels? How does she prevent bull markets from inflating her ego and corroding her discipline? The answer to these questions is fundamental and (to many) … [Read more...] about Successful investors are stoics – Part 1
Archives for October 2020
Two key amendments to Shane Oliver’s “9 keys to successful investing”
Shane Oliver’s recent article (9 keys to successful investing - and why they are more important than ever amid COVID, 15 October) summarises “nine key things for investors to bear in mind in order to be successful.” It contains plenty of common sense (which isn’t very common these days) and even some wisdom (which is rare). It’s also concise; indeed, it’d be hard to pack more … [Read more...] about Two key amendments to Shane Oliver’s “9 keys to successful investing”
The pioneering investor you’ve never heard of
Henrietta Howland (“Hetty”) Green (1834-1916) exemplifies the practice of investment that Benjamin Graham pioneered in the 1930s, Warren Buffett has advocated since the 1950s and Leithner & Company has practised since 1999. She bought quality assets that others shunned – particularly during the financial crises that punctuated her career – and during bull markets, when … [Read more...] about The pioneering investor you’ve never heard of
Why we need a “good” depression
Have you ever heard of the Depression of 1920-1921? In the U.S., where historical data are extensive, reliable and widely available, it was painfully sharp but mercifully short. According to the National Bureau of Economic Research, that country’s unofficial arbiter of the business cycle’s ups and downs, it commenced in January 1920 and ended in July 1921; it thereby partly … [Read more...] about Why we need a “good” depression