If We Are Always “Taking Profits” How Come Some of Us Still Lose Money?

— On why some people move markets — Charlie Munger reportedly said: “It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” This assessment notwithstanding a lot of garbage gets tossed around as market-relevant talk; some of it sticks to the proverbial wall, if only briefly. My ...

This May Surprise You

Monday The Wall Street Journal published an article entitled “Obama Backs New Rules for Brokers on Retirement Accounts” (you can find it here). The gist of the article is the Administration’s efforts to establish rules that would better protect investors from unscrupulous behavior on the part of their investment brokers. This is the problem: a ...

Where’s the Beef?

The above still, from a now famous Wendy’s commercial of the 1980s, will date me. But the punch line is just too good. We look at newspapers and news organization for useful information, possibly garnished with appropriate color and educational impact. That is at least in concept. Experienced journalist friends tell me that the public ...

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