Howard Marks, the chairman of Oaktree Capital Management, told investors in one of his regular missives that there should be room in our investing minds for “good enough” returns, a sweet spot of asset appreciation that feels acceptable but not necessarily risky. Continue reading
In Part 1, we saw how the media noise can distract us from investing. Like Warren Buffett, we should be focused on the long-term prospects of our investments but, the media noise clouds that objective. In Part 2, we’ll take a closer look at how investors overreact to the media noise and discover ways to keep our eye on the prize. Continue reading
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” — Warren Buffett
What’s the difference between you and one of the richest men in the world, besides all that money, of course? Warren Buffett, the multi-billionaire head of holding company Berkshire Hathaway, would explain it simply: He doesn’t buy stocks. He buys businesses. Continue reading
If you watch financial cable TV, even casually, his presence is nearly unavoidable. In a world once populated with sleepy, late-evening market recaps led by bespectacled newscasters, CNBC’s Jim Cramer is part shock-jock, part howling floor trader, and all show. Shirt sleeves rolled up, he flaps his arms, shouts “booyah” at callers, sets off nutty sound effects and roams his set like a caged animal. Continue reading
Looking back, the housing debacle seems awfully predictable. In what sane world does an anonymous ranch home in Las Vegas — one of hundreds just like it, stretching to the horizon — command a half-million bucks? Continue reading
Does the stock market seem like Vegas to you? Suspect, possibly rigged? Congratulations, you’re normal.
Being cynical about “great money-making opportunities” is a good survival skill. You won’t win the lottery. Those too-good-to-be-true late-night TV offers are, indeed, to good to be true. That guy on the corner flipping cards is running a scam. Best to keep your hands in your pockets and firmly on your wallet. Continue reading