In his recent interview with Wealthion, Jim Rogers discussed markets, debt, and the dangerous complacency gripping investors. His advice? “Be very, very careful.” Rogers has sold nearly all his U.S. stocks. Why? “I sold all my US stocks recently uh because I know I’ve seen this party before.” He’s wary … Read More
Francois Rochon: How to Profit When Stocks Crash (Even If You’re 100% Invested)
Francois Rochon recently dropped some serious investing gems on the Meb Faber Podcast, and if you’ve ever stressed about market crashes, his perspective is a breath of fresh air. He didn’t sugarcoat it—bear markets are basically a guarantee. “It’s more than very likely—it’s almost 100% sure that there will be … Read More
Howard Marks on Tariffs, Market Risks & Opportunities
Howard Marks has navigated market cycles for decades, but his recent Bloomberg interview revealed even he finds today’s environment extraordinary. “This is the biggest change in the environment that I’ve seen probably in my career,” he says. The rapid shift from globalization to trade wars and tariffs has created unprecedented … Read More
Neoteny: How Evolutionary Flexibility Applies to Investing
During their recent episode, Taylor, Carlisle, and Chris Bloomstran discussed Neoteny: How Evolutionary Flexibility Applies to Investing. Here’s an excerpt from the episode: Tobias: JT, do you want to do veggies? You got veggies? Jake: Of course. Always have veggies. All right. So, this week we are exploring this biological … Read More
Mohnish Pabrai: The Power of Unpopular Investments
Investing is often thought of as a numbers game, ruled by ratios, charts, and forecasts. But in reality, the best opportunities often come from a place of discomfort—looking where others refuse to. As Mohnish Pabrai put it in his interview with the CFA in the U.K, “A good way to … Read More
Howard Marks: The Art of Holding
If you’re like me, one of the things I often struggle with is the question of when to sell. The instinct to lock in gains when something is up, or to cut losses when something is down, feels natural. But as Howard Marks recently explained on The Money Maze Podcast, … Read More
Bill Ackman: Building A Modern Day Berkshire Hathaway
Howard Hughes Corporation has long been an outlier in Bill Ackman’s portfolio. Unlike his usual large-cap investments, HHC is an undervalued real estate business with long-term potential that public markets have struggled to appreciate. But for Ackman, this company isn’t just another real estate play—it’s the foundation of a much … Read More
Howard Marks: Is Now the Time to Exit the Market?
In this interview with The Market, Howard Marks suggests that stocks are currently overvalued by 20-30%, with a 60-65% probability the market will be lower in a year. However, there’s still a 35-40% chance it could rise, highlighting uncertainty. While a downward tendency exists, it’s not a certainty, and valuations … Read More
Warren Buffett’s Take: Investing in Industries vs. Companies
During this interview with Dr. George Athanassakos and Ivey MBA and HBA students, Warren Buffett discusses the challenges of picking individual pharmaceutical companies due to the uncertainty of future competition. He suggests that investing in a group of pharma companies, if reasonably priced, is a better approach since some drugs will … Read More
Warren Buffett’s Rip Van Winkle Approach to Investing Explained
In his 1991 Berkshire Hathaway Annual Letter, Warren Buffett stresses a patient, focused investment strategy, likening the stock market to a mechanism that transfers wealth from active to patient participants. He highlights Berkshire Hathaway’s first significant international investment in Guinness, while reaffirming confidence in enduring businesses like Coca-Cola and Gillette. … Read More
Bill Nygren: How To Increase Your Odds Of Success
In this interview with Value Investing With Legends, Bill Nygren explains his investing strategy in simple terms. His team typically invests around 2% in each stock and avoids buying if the stock exceeds 3%. If a stock grows beyond 4%, they trim their holdings. They focus on managing risks sensibly … Read More
Joel Greenblatt: How Warren Buffett Simplifies Smart Investing
In this interview with Barry Ritholz: Joel Greenblatt highlights Warren Buffett’s analogy comparing investing in stocks to owning businesses. He explains that if someone sold a business, analyzed local businesses, and prudently invested in eight well-researched companies, it would be seen as sensible. However, when the same logic is applied … Read More
Warren Buffett: When Is the Right Time to Buy a Business?
During this interview with Yahoo, Warren Buffett explains that he does not rely on economic forecasts for investment decisions, considering them entertainment rather than actionable insights. He points out that economists rarely succeed in business or stock investments due to the numerous unpredictable variables in economics, unlike the consistency found … Read More
OSAM: The Momentum Factor Will Continue To Deliver Outperformance – Here’s Why
Jamie Catherwood at O’Shaughnessy Asset Management recently wrote a comprehensive piece on why the momentum factor will continue to deliver outperformance saying: There are no certainties in investing, but one can be very confident that human nature will not be changing any time soon. Since shares first traded on the … Read More
Warren Buffett: There’s No Easier Game Than Stocks
Here’s a great excerpt from an interview that Warren Buffett did in India some years ago. Buffett is discussing how there is no easier game than stocks, but investors turn that fundamental advantage into a disadvantage saying: If you look at the typical stock on the New York Stock Exchange, … Read More
Stanley Druckenmiller: Never, Ever Invest In The Present
Here’s a great except from Stanley Druckenmiller’s 2015 Speech at the Lost Tree Club. Druckenmiller provides some great insights into why investors should never, ever invest in the present, saying: Now, I told you it was kind of dumb luck how I fell into this. Ken Langone knows my first … Read More
Joel Greenblatt: Investors Should Search For Companies That Achieve A High Return On Capital
Here’s a great excerpt from Joel Greenblatt’s book – The Little Book That Beats The Market, in which he discusses the importance of finding businesses that can achieve a high return on capital, saying: But here’s the thing. If capitalism is such a tough system, how does the magic formula … Read More
Warren Buffett: Investing Is Much Like Reporting – Writing The Right Story
Here’s a great excerpt from an interview that Warren Buffett did with BizNews in 2017 in which he illustrates how investing is much like reporting. Buffett was asked the following question: When you’re doing these analyses, then and now, do you have computers that help you, or how did you … Read More
Michael Burry: The Best Way For Investors To Minimize Risk Is…
Here’s a great excerpt from Michael Burry’s 2001 Scion Capital Shareholder Letter in which he discusses the best way for investors to minimize risk saying: Although an outsider might think the goal of prevailing modern investment practice to be one of mediocrity, there in fact remains much more competition to … Read More
Bruce Greenwald: The 3 Attributes That Make a Truly Great Investor
We’ve just been reading through the Winter 2009 issue of the Graham and Doddsville Newsletter which includes a great passage by Bruce Greenwald on the three attributes that make a truly great investor saying: Bruce Greenwald: There are three things that Buffett is good at—and if anyone is good at … Read More