This week on InvestEd Danielle and I discuss four important points we took from Charlie Munger during our attendance at the Daily Journal Annual Meeting. Mr. Munger discussed how investing can make you an honorable person, the myth of diversification, and the concern of index funds.
Inflation is something that many people completely forget to factor in when calculating how much money they’re going to need for retirement. Most people tend to assume that if you want to live on say, $50,000 a year for the rest of your life you need to multiply that number by 30 years and that’s how Read more.
It’s time to get past the rancor and mud-slinging that characterizes American politics when it’s at its worst and take a look at how a Trump victory might impact the country and thereby the investment weather we’ll be working in. And I want to start this off properly in the best way: This commentary is Read more.
“Our favorite stock holding period is forever.” – Warren Buffett I want to talk to you about some of the best advice I’ve ever received from one of my favorite investors, Warren Buffett. The key to successful investing is buying a great company when it’s on sale and then holding it for long periods of time.
The stock market has an amazing track record at calling presidential elections. The publisher of InvesTech Research, James Stack, wrote that in the 22 presidential elections since 1928 (the year the S&P 500 index started) 14 elections saw gains in the S&P 500 index in the three months leading up to the election (August, September, Read more.
With any type of investing comes a certain level of risk. While it is great to celebrate our victories, we must also reflect on our failures and find the valuable lessons learned. This week on InvestED we are going over what exactly happened with Horsehead Holding (ZINC), how Phil was involved, and the lessons that Read more.
Rule #1 investing isn’t a value system, it’s an investing strategy, but it works better if you’re fighting for something you truly believe in. It helps when you’re investing in something you admire, are in favor of, or want to promote in the world. The best fights and the best investments you’ll ever make are Read more.
It’s our 1-Year Calendar Anniversary on the InvestED Podcast! One full year of learning, growing, and most importantly, laughing.
One of the defining principles of American government is that it is the most important role of government to provide justice for the rich and poor alike. For that reason, the American image of justice is a woman in a flowing robe, blinded, holding a scale and a double-edged sword.
Are there benefits of diversification? What if you split up your capital across 3-5 different companies in different industries? Not talking about a basket of 20 stocks, but doesn’t some diversification make sense?