Nine Surprising Things Jesse Livermore Said

There are those who would convince you that it is somehow smart or in your best interest to be manically switching your investments around, back and forth, long and short, on a daily basis. To pay attention to this kind of overstimulation is the height of madness, even for professional traders. The most storied and…

QOTD: Charlie Munger on Ideology

The mark of a successful investor, or at least one of the marks, is the ability to maintain two opposing thoughts in one’s head – especially these days. But if you’ve already decided what you think about every issue based purely on what your preexisting ideology demands of you, how can you possibly do that? You…

josh’s awesome investment mix

Side One Stocks For The Long Run Jeremy Siegel (WisdomTree) Anything But Market Cap-Weighted Arnott, Hsu and Brightman (Research Affiliates) Sometimes It’s What You Won’t Own James O’Shaughnessy (OSAM) Price Is What You Pay, Value Is What You Get Warren Buffett (Berkshire Hathaway) Take Nothing On Faith James Chanos (Kynikos Associates) Long Term Returns Are The…

This Week on TRB

Finance ministers and central bankers from around the world gather at the Group of 20 meetings in Istanbul this week. Christine Lagarde is the belle of the ball, while Janet Yellen may be wondering why she even bothers with these people. photo via WSJ These were the most read posts on the site this week, in…

Meanwhile, at the “Best House in a Bad Neighborhood”…

My CAPE (cyclically adjusted price earnings) ratio reached 27.60 at close of market today, passing 2007 high. http://t.co/XbP0eZ2TA7 — Robert J Shiller (@RobertJShiller) February 13, 2015 USA Number One! is the rallying cry of today’s market pundit – it’s both a reflection of the last three years’ worth of outperformance by US stocks as well…

This is the big one

It’s been said that until an index breaks above a pre-established high, it remains in a secular bear market and is guilty until proven innocent. The S&P 500 finally broke above its prior peaks from 2000 and 2007 back in 2013 but the Nasdaq had a long way to go to get back to the March…

stop it

Six years ago, a fund of hedge funds guy bet Warren Buffett a million dollars that his well chosen portfolio of five funds would beat the returns of Buffett’s chosen vehicle, Vanguard S&P 500 fund. Needless to say, it’s not much of a contest. Said fund of funds guy is now offering up the following reasons…