Thursday, July 30, 2009

Recent Study on Investor Returns

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The following is based upon a recent study on mutual fund investor performance by DALBAR's Quantitative Analysis of Investor Behavior (...
Tuesday, July 28, 2009

High Growth Doesn't Equal High Investor Returns

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So China's economy apparently grew 7.9%. Here's a recent article in the Wall Street Journal. The article makes the point that high ...
Monday, July 27, 2009

Jeremy Grantham's Latest Letter

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Here's some excerpts from the July  letter . Always a good read. "As value purists (at least most of the time), we were very con...
Friday, July 24, 2009

Munger on Accounting

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Charlie Munger said the following in the Stanford Lawyer back in 2002: "Proper accounting is like engineering. You need a margin of ...
Wednesday, July 22, 2009

Coca-Cola's 2Q Earnings

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Some comments by Coca Cola's CEO Muhtar Kent on the earnings conference call yesterday: QUESTION: Can you give us your assessment of ...
Tuesday, July 21, 2009

Stocks to Watch

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Below is a list of stocks I like* for my own portfolio at the right price. As an example: JNJ's recent price of $ 59.23/share is still b...
Monday, July 20, 2009

When Genius Failed...Again

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"'GIVE ME but one firm spot in which to stand,' Archimedes declared, 'and I will move the earth.' While the ancient Gre...
Friday, July 17, 2009

Buy a Stock...Hope the Price Drops?

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An investor buys Coca-Cola ( KO ) today and it immediately drops 50%. The stock then stays at that 50% discount to the price he paid for 5...

Stocks & Gravity

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I think of the overall stock market returns as the equivalent of gravity for an investor. On Earth, a person with a four foot vertical lea...

Art Cashin: The 17.6-Year Market Cycle

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Whether Art Cashin turns out to be correct or not, it's often worthwhile for an investor to step back and think about longer time horizo...