It isn’t as important to buy as cheap as possible as it is to buy at the right time.
March 22, 2017
It was the fall of 2000. Ed Noonan (founder of Contravisory) and I had gone to Vermont to attend the Contrarian Opinion Forum. Ed had published a SELL recommendation on technology three months earlier. By the fall, the ensuing pullback was seen by many at the conference as a “buying opportunity.” Of course, with perfect...
November 29, 2016
Recently, I was in a local restaurant having dinner when my cell phone rang. As I reached for the phone, I saw a client’s name. It was the first day of stock trading following the election. The market had opened down horribly but closed up 250 points for the day. Virtually everyone in the media had been saying Hillary...
November 15, 2016
Imagine buying a washing machine for $800. Then a month later you see Sears Roebuck advertising the same model for $400. You know you can’t take it back. You’ve used it. Is the new price low enough to warrant buying another? And if you did, what would you do with it? In the real world when you have too much of something, you don’t want...
September 09, 2016
“Gentlemen, we must leap over the high wall.” Hearing that, I thought to myself “Huh? What is he talking about?” I was too young (21) – and too poor-- to have an understanding of what this seeming allegory was about. The words were spoken with strong conviction in a heavy Boston Brahmin accent. To me, an Irish kid from...
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