It isn’t as important to buy as cheap as possible as it is to buy at the right time.
June 25, 2012
I knew the highboy would be expensive. But when you’re 22 and starting out in the investment business, well, you’re very confident. Have to be. Besides I had saved $10,000 for my upcoming wedding. That was an unimaginable sum of money for a 22-year-old in 1967. What I had no way of knowing was that, in the stock market, the emotional...
May 30, 2012
“In seeking to avoid the dangers of crowd action, remember that a majority opinion can be sustained. Unanimity of opinion is more vulnerable to a contrary surprise.”
The quote above is from Contravisory founder Ed Noonan’s 10 Rules for Investing. Considering the record amount of anticipation and speculation...
April 25, 2012
Today we share with you an excerpt from our Q1 letter to investors, recapping the first quarter and providing some insight to our current market thinking for Q2 and beyond.
The equity markets continued their winning ways in the 1st quarter as all major indices pushed higher during the period. In fact, this was the...
March 30, 2012
Imagine resigning from a $500,000 a year job with an open ended future, on principle. Greg Smith, a young Goldman Sachs derivatives salesman, did just that and wrote an OP-ED column published in the New York Times. The next day the story was on the front page. But there is an even bigger story.
Greg Smith said about Goldman, “I...
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