Jump to content

cofabmd

Member
  • Posts

    28
  • Joined

  • Last visited

Everything posted by cofabmd

  1. Mr. Housel, having written The Psychology of Money, a book that has sold around three million copies worldwide so far, invests all his money in a Vanguard total market ETF. He says he lets compounding do all the work.
  2. For a beginner, I would recommend reading The Rees Approach: A Beginner's Guide to Making Money in the Stock Market. This book is only one point of view about how to invest in the market for long term survival and success, but I think it's a valuable one. Others would be Margin of Safety by Seth Klarman (if you can find or afford it), Richer, Wiser, Happier by William Green, and everything Warren Buffett has ever written are good places to start.
  3. The Rees Approach: A Beginner's Guide to Making Money in the Stock Market by Christopher Rees Some Amazon 5-star reviews: — "Update: I've re-read this book for a second time. It's an underrated masterpiece. Best appreciated when read in full, the author blends analytical, behavioral, and lifestyle takeaways about his investment journey while providing a specific, real-world blueprint for long-term success and risk management in the markets. Featuring both analytical, repeatable instructions for investing and raw tales like the emotion evoked during the depth of the financial crisis (and how the author bet big when the "blood" was in the Street), Chris Rees brings forth a timeless investment strategy tested over a long period." "This is one of the best investing books I've ever read, for both the beginner and the experienced investor. Chris Rees' writing touches on the subjects many investors avoid: Investing isn't easy. Being smart doesn't help. Patience and discipline are key. Behavior and environment is of utmost importance. Rees breaks down lessons like this into real-world, tangible examples, from resources used to strategies employed. Absent in the book are hubris, false promises, and shortcuts. But what Chris does deliver is game-changing." "Chris doesn't just know how to invest. He knows how to live life. I love how he included so much life experience in the book. This book is the culmination of decades of a life well lived, more than 30 years of market-crushing returns, and the potent ideas of an independent mind. For me, this book goes at the top of my list of favorite books, next to Richer, Wiser, Happier, 100-Baggers, and The Education of a Value Investor. I will re-read this book regularly." — “One of the best investing books I've ever read… this book goes at the top of my list of favorite books, next to Richer, Wiser, Happier, 100-Baggers, and The Education of a Value Investor.” — "If you follow value investing and people like Warren Buffett or Prem Watsa, this is a must read.”
  4. „They say that patriotism is the last refuge to which a scoundrel clings/ steal a little and they throw you in jail STeal a lot and then they make you king.“ — Bob Dylan
  5. http://www.snopes.com/photos/automobiles/unsoldcars.asp
  6. -electrical fire in the cockpit of a recent Boeing 777? I think that's about as unlikely as most of the other theories out there.- "The cockpit-voice recorder captured a "pop" followed by a hissing noise, similar to the escape of pressurised gas, says the inquiry. "I unfastened the seat-belt immediately and stood up very quickly," the first officer told investigators. "At the same time the captain left his seat quickly. The smoke and fire were spreading very quickly. After that, the captain ordered me to get out of the cockpit."" The captain attempted to extinguish the fire but said: "The fire bottle was completely depleted without any influence on the fire intensity." Three years earlier an ABX Air Boeing 767-200 preparing to depart San Francisco suffered a fire in the supernumerary compartment behind the cockpit. The crew had similarly mentioned hearing popping and hissing sounds at the time. US investigators attributed the fire to a "lack of positive separation" between electrical wiring and conductive oxygen system components. This allowed a short-circuit to breach a combustible oxygen hose which fed a rapid fire. http://www.flightglobal.com/news/articles/egyptair-777-fire-probe-inconclusive-but-short-circuit-379655/
  7. http://www.wired.com/autopia/2014/03/mh370-electrical-fire/ One of the smarter, more logical explanations.
  8. Here's a link to a 2008 review letter by a concentrated value investor. http://www.tenstocks.com/Reading_Room.html It may be of interest.
  9. If a CBF portfolio was housed on Covestor, board members (and others) could invest in it. Something like this: http://covestor.com/mco-investments/margin-of-safety
  10. http://www.weisskoreaopportunityfund.com/cgi-bin/about/overview.pl
  11. Weiss has brought to market a fund of Korean preference shares, which are trading at levels hugely discounted to their common shares equivalent. Weiss has invested in the Korean market for a decade, and although investors are familiar to its presence in the closed-end sector, The firm has never launched a UK-listed investment trust. It has only previously hunted in the space for discounted vehicles and turnaround opportunities unrecognised by the wider market. It raised gross proceeds of £105 million for the new fund, which is called Weiss Korean Opportunities. Weiss said the placing was 'significantly over-subscribed' and the vehicle began trading on the alternative investment market (AIM) today.
  12. -Slim buys 8% stake in YPF.- He got the YPF shares through the default of a Petersen Group loan.
  13. Sell or reduce a holding when 1. Holding approaches estimated fair value. 2. Market, sector or company specific risk increases. 3. Becomes overweighted in the portfolio. 4. Has a better, lower risk profile investment waiting. 5. Can lower overall portfolio risk by reallocating capital.
  14. http://video.cnbc.com/gallery/?video=3000120869#eyJ2aWQiOiIzMDAwMTM3Njc2IiwiZW5jVmlkIjoiN0VOTTBXTXljYkNaYmp0STN1OWRRUT09IiwidlRhYiI6InRyYW5zY3JpcHQiLCJ2UGFnZSI6IiIsImdOYXYiOlsiwqBMYXRlc3QgVmlkZW8iXSwiZ1NlY3QiOiJBTEwiLCJnUGFnZSI6IjEiLCJzeW0iOiIiLCJzZWFyY2giOiIifQ==
  15. http://www.irishtimes.com/newspaper/finance/2012/1102/1224326028487.html
  16. I bought an all in one from HP. I hate the goddamn thing. I have to buy yellow ink to print black. It almost NEVER works when I want it too. I'll never buy another HP product.
  17. Here's what I want. If it can be built it may have wider demand than just investing. I want a template program which could be called 'Windoes'. It would allow me to cut and paste any part of any active website and position it into the template thereby building a personalized constantly updating custom webpage. Upon boot, each saved windoe would launch automatically with all it's components and be updated in real time. Examples: C&P the Recent Posts block from B&F message board. C&P watch list portfolio from Yahoo. C&P just the Bloomberg Radio player from the Bloomberg Radio page. C&P just the search box at SEC's Edgar. C&P a Twitter feed. C&P just the search box of QuantumOnline. I'm not computer savvy so maybe something like this already exists. I find myself building something like this everyday with lots of different open windows but its a hassle with an enormous amount of wasted and unused space. There's got to be a better way.
  18. -I am more concerned with heath, exercise and becoming a recluse- All valid concerns. Successful money management is partly about having an information edge. This means it's easy to start spending too much time sitting and reading. I installed an exercise machine in my office. A couple of times a day I use it for exercise and stretching. It is one of the best investments I've made. At times you will need to walk away from the office and just walk. It's important for processing information. Too much input leads to scrambled brains. The Dalai Lama was asked what surprised him the most. He said, "Man, because he sacrifices his health in order to make money.Then he sacrifices money to recuperate his health. And then he is so anxious about the future that he does not enjoy the present; the result being that he does not live in the present or the future; he lives as if he is never going to die, and then he dies having never really lived."
  19. Alfred Little has also done good work in China frauds.
  20. Carson Block, in a Bloomberg interview this morning, said he was 'certain' about TRE, was still short the stock and that it was a zero.
  21. One should be wary of thinking MW (and Co) has published all they have. Usually they reserve plenty of additional ammo. The strategy of firing one salvo at a time allows them multiple bites of the apple as the stock plunges and rebounds on company denials, declared special dividends, buybacks, etc.
  22. http://www.wunderground.com/blog/JeffMasters/comment.html?entrynum=1763
×
×
  • Create New...