Money and Finance
Summary of recent stories of interest, sometimes enduring, to investors:
- High Yield Reads - 10/5/14
Summary of recent stories of interest, sometimes enduring, to investors. Morgan Housel's "Not Your Father's Dividend Stocks" talks about the churn in dividend stocks that's left unexpected stocks like tech stocks among the most interesting...
- 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 - 7/13/14
Summary of recents posts and pieces of interest, sometimes enduring, to investors: Josh Peters on dividend and buyback debate: the record for buybacks was set in 2007 near previous market highs, then when prices improved companies were concerned with...
- Investing And Mistake Avoidance
Excellent piece by Morgan Housel hits an important topic, investment success is more about avoiding the downside than striving for blinding insight: "If it were up to me, I would replace every book called How to Invest Like Warren Buffett with a...
- The Wine Cellar - The Remarkable True Story Of A $146,194-per-year Income Portfolio
Brian Richards reports on the science fiction writer Hayford Peirce's $146,194 per year Income portfolio. It is a concentrated high yield portfolio: Three common stocks (Altria, J&J, Philip Morris International)Nine master limited partnerships...
Money and Finance
High Yield Reads - 8/10/14
Summary of recent stories of interest, sometimes enduring, to investors:
- Eddy Elfenbein on a topic that's near and dear to many investors - what poolside investing is really all about. I agree with that watchlists trump screens, but I still like to run screens as a way to build the watchlist.
- My original article related to Eddy Elfenbein's "poolside" tweet - Income Investing by the Poolside.
- Todd Wenning says that mechanical, quant formulas are the opposite of real investing.
- Tim McAleenan on how focusing on Yield on Cost to take the stupid out of investing. Tim uses the same example that originally got me interested in yield on cost - Buffett's Coke purchase which pays him $488M/year in dividends an rising, on an original $1.3 Billion purchase that is good for a 37% yield on cost. Every year. And growing. Its easy to see why academics dismiss yield on cost, if you ignore trading cost, opportunity cost, and assume a spherical cow of uniform density, err I mean perfect market timing, then YOC is irrelevant; however back in the real world its an excellent North Star for individuals, individual investors should embrace it as part of a long term strategy.
- Morgan Housel - How to scare yourself stupid. Innumeracy plus biases make for irrational risk management.
- John Kay - Why mean outcomes are often meaningless. There is no "right" answer when it comes to accounting for uncertainty.
- A Wealth of Common Sense - There's no such thing as precision when it comes to investing. "the data doesn’t really mean anything unless it’s put into the correct context."
- Forever Investor - AstraZeneca rejected Pfizer's buyout bid. It was fair to ask if AstraZeneca's management talk about the pipeline was more narrow self interest or more shareholder friendly. I tended to think the latter at the time, but we got an additional positive developments in that the management wasn't just talking, they were buying north of 3 million pounds of shares.
- I have a new post Does Caterpillar or Deere Build the Better Dividend Paying Machine?
- High Yield Reads - 10/5/14
Summary of recent stories of interest, sometimes enduring, to investors. Morgan Housel's "Not Your Father's Dividend Stocks" talks about the churn in dividend stocks that's left unexpected stocks like tech stocks among the most interesting...
- 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 - 7/13/14
Summary of recents posts and pieces of interest, sometimes enduring, to investors: Josh Peters on dividend and buyback debate: the record for buybacks was set in 2007 near previous market highs, then when prices improved companies were concerned with...
- Investing And Mistake Avoidance
Excellent piece by Morgan Housel hits an important topic, investment success is more about avoiding the downside than striving for blinding insight: "If it were up to me, I would replace every book called How to Invest Like Warren Buffett with a...
- The Wine Cellar - The Remarkable True Story Of A $146,194-per-year Income Portfolio
Brian Richards reports on the science fiction writer Hayford Peirce's $146,194 per year Income portfolio. It is a concentrated high yield portfolio: Three common stocks (Altria, J&J, Philip Morris International)Nine master limited partnerships...