Money and Finance
Summary of recents posts and pieces of interest, sometimes enduring, to investors:
- High Yield Reads - 9/1/14
Summary of recent stories of interest, sometimes enduring, to investors: A Wealth of Common Sense - Charlie Munger's Investing Principles. My two favorites - “If you can get good at destroying your own wrong ideas, that is a great gift.” and "I...
- Buy A High Yield Portfolio And Hold Forever
In a October 2008 article, Todd Wenning described the High Yield Portfolio approach this way - "Buy 10 to 15 high-yielding large-cap stocks today and hold them -- forever." Todd Wenning used a ruleset from Stephen Bland writing at the Motley Fool UK back...
- High Yield Reads 3/22/14
Happy Spring. Summary of recents posts and pieces of interest, sometimes enduring, to dividend investors: Jason Zweig: on the downsides of share buybacks. Looking at the Russell 3000 he reports that after the index went up 33.5% and trades at a...
- High Yield Reads - 3/15/14
Summary of recents posts and pieces of interest, sometimes enduring, to dividend investors: "The Most Important Metric for Dividend Investors" by Todd Wenning. Put this one in the enduring interest category. Investors of all stripes need to know which...
- Dividends Aren't Evil
Matt Yglesias has a post called "Dividends Are Evil", he is right in some ways, but mostly wrong. Let's count the ways: 1. Yglesias begins by saying that dividends are a "triumph of short term thinking"; I could not disagree more. Dividend investing...
Money and Finance
High Yield Reads - 6/23/14
Summary of recents posts and pieces of interest, sometimes enduring, to investors:
- Millenial Invest - The Power of Share Repurchases. Scores a lot of points in favor of buybacks, at the same time, its a lot to ask a CEO to be 1) excellent at running their business AND 2) know how/when to invest wisely and objectively. Most cannot do #1 and only a handful can do #2. If John Malone is your CEO then I love buybacks, for everyone else there's dividends
- Basehit Investor on Thinking Differently with Mohnish Pabrai - offers two rules -
- Don’t try to beat the market (go for absolute returns as opposed to focusing on what the indices are doing)
- Don’t buy any stock unless you feel it has the potential to be worth 2-3x in 2-3 years
- Todd Wenning - A fine line between patience and laziness - related to the above point, I think its pretty hard for non-pros to hit Pabrai's targets, ok it was easy in 2008-10, but hard most of the time. For non-pros I think laziness could be a virtue, because you may not have that much of the most precious resource - time - when you need it. But Todd's guidance is helpful as ever to clarify what your goals are.
- John Kay - How the health and safety culture can cure moral hazard - if people are protected against risk they will take more of it
- Tren Griffin - a dozen things I've learned from Vinod Khosla - Complex outcomes + Fat tailed probability distribution = statistics are potentially mislead and even dangerous
- Brooklyn Investor - is Coke Undermanaged? What would it look like if 3G managed Coke?
- I was saddened to see Medtronic moving to Ireland. This is an iconic Minnesots company. The company started in a garage in 1949 and invented the pacemaker among many other innovations. If the US cannot see fit to find a way that these companies can stay and thrive, what is point of technological leadership? Technology is like riding a bear, you have to grab and hold on. You do not get it as a right to lead tomorrow just because you lead today. You have to fight every day to maintain your technology leadership. You cannot stand idly by and let innovators leave. As the WSJ editorial asked - what kind of country does this to itself?
- Belated Father's day post from me on Lessons from Dad on Dividends
- High Yield Reads - 9/1/14
Summary of recent stories of interest, sometimes enduring, to investors: A Wealth of Common Sense - Charlie Munger's Investing Principles. My two favorites - “If you can get good at destroying your own wrong ideas, that is a great gift.” and "I...
- Buy A High Yield Portfolio And Hold Forever
In a October 2008 article, Todd Wenning described the High Yield Portfolio approach this way - "Buy 10 to 15 high-yielding large-cap stocks today and hold them -- forever." Todd Wenning used a ruleset from Stephen Bland writing at the Motley Fool UK back...
- High Yield Reads 3/22/14
Happy Spring. Summary of recents posts and pieces of interest, sometimes enduring, to dividend investors: Jason Zweig: on the downsides of share buybacks. Looking at the Russell 3000 he reports that after the index went up 33.5% and trades at a...
- High Yield Reads - 3/15/14
Summary of recents posts and pieces of interest, sometimes enduring, to dividend investors: "The Most Important Metric for Dividend Investors" by Todd Wenning. Put this one in the enduring interest category. Investors of all stripes need to know which...
- Dividends Aren't Evil
Matt Yglesias has a post called "Dividends Are Evil", he is right in some ways, but mostly wrong. Let's count the ways: 1. Yglesias begins by saying that dividends are a "triumph of short term thinking"; I could not disagree more. Dividend investing...