Money and Finance
A logical investor must take irrational market behavior into account when choosing stocks to buy, sell, and hold. Fear and euphoria cannot dominate the actions of someone who really knows the companies and industries in which he or she invests, but other people’s fear and euphoria should influence one’s choices. Do not blindly follow the herd, but pay close attention to its movements. Opportunity exists in the gap between a company’s value and the herd’s perception of its value. Of course, it can take a long time for the herd to catch up, but that is how an entrepreneurial investor’s patience is rewarded.
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- Charles Brandes Quote
From Brandes on Value: With each ebb and flow, Mr. Market entices investors with the “quick and the new,” leading them to believe that this time is very different, and that we’ve never seen the likes of this before. His pattern of tricks changes...
- Wcam: Wagging The Dogma
West Coast Asset Management refers to its investment style as “entrepreneurial.” We bring a business owners sense of focus, opportunity and involvement to the art of investing. Therefore, when we heard about the recent enterprise of Peter Thiel, an...
- Wcam - Great First Impressions: Ten Signs Of A Strong Company
Warren Buffett once explained that “price is what you pay, value is what you get.” Naturally, an entrepreneurial investor seeks companies that offer a lot of value for a low price, but prices fluctuate. Thus, price helps determine when to buy, but...
- The Intelligent Investor
I've been reading Benjamin Graham's book The Intelligent Investor and have been amazed by some of the insights that he had. On page 204, Graham introduces something we've all heard before, the Mr. Market parable. "Imagine that in some private...
- The More Things Change
When I worked in London, the office was just a few blocks away from the incredible British Museum. Working nearby afforded the opportunity to wander over during my lunch breaks and room by room soak up as much learning as I could. It was paradise for...
Money and Finance
The Entrepreneurial Investor
A logical investor must take irrational market behavior into account when choosing stocks to buy, sell, and hold. Fear and euphoria cannot dominate the actions of someone who really knows the companies and industries in which he or she invests, but other people’s fear and euphoria should influence one’s choices. Do not blindly follow the herd, but pay close attention to its movements. Opportunity exists in the gap between a company’s value and the herd’s perception of its value. Of course, it can take a long time for the herd to catch up, but that is how an entrepreneurial investor’s patience is rewarded.
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Book: The Entrepreneurial Investor: The Art, Science, and Business of Value Investing
- Charles Brandes Quote
From Brandes on Value: With each ebb and flow, Mr. Market entices investors with the “quick and the new,” leading them to believe that this time is very different, and that we’ve never seen the likes of this before. His pattern of tricks changes...
- Wcam: Wagging The Dogma
West Coast Asset Management refers to its investment style as “entrepreneurial.” We bring a business owners sense of focus, opportunity and involvement to the art of investing. Therefore, when we heard about the recent enterprise of Peter Thiel, an...
- Wcam - Great First Impressions: Ten Signs Of A Strong Company
Warren Buffett once explained that “price is what you pay, value is what you get.” Naturally, an entrepreneurial investor seeks companies that offer a lot of value for a low price, but prices fluctuate. Thus, price helps determine when to buy, but...
- The Intelligent Investor
I've been reading Benjamin Graham's book The Intelligent Investor and have been amazed by some of the insights that he had. On page 204, Graham introduces something we've all heard before, the Mr. Market parable. "Imagine that in some private...
- The More Things Change
When I worked in London, the office was just a few blocks away from the incredible British Museum. Working nearby afforded the opportunity to wander over during my lunch breaks and room by room soak up as much learning as I could. It was paradise for...