Money and Finance
Thomas W. Phelps on charts
“Even if one scoffs at charts himself, the fact that they are being so widely used by performance funds and even by banks argues for paying some attention to them. At times they provide the only clue to the stock market’s aberrations.
Chart-induced excesses in the market should be welcomed as providing investment opportunities for those who understand the fundamentals of the situation. It is a lot easier to keep one’s faith in temporarily disregarded fundamentals when one knows the technical developments behind unwarranted buying or selling.”
-Thomas William Phelps, 100 to 1 in the stock market
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Thomas W. Phelps On The Kinds Of People/managers To Look For
“Bet on men and organizations fired by zeal to meet human wants and needs, imbued with enthusiasm over solving mankind’s problems. Good intentions are not enough, but when combined with energy and intelligence the results make it unnecessary to seek...
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The Art Of Selling Stocks - By Chris Mayer
The bottom line: There is no magic way to sell to ensure maximum gains every time out. I think anytime you sell, you could cost yourself money if that stock turns out to be a big winner. I understand that risk. On the other hand, as Third Avenue shows,...
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Phelps And Jobs On The Customer
“The point to keep in mind is that how much it costs to produce anything means little or nothing unless you know what people will pay for it now and in the future. In business, it is bad luck to tell people what they should want instead of trying to...
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Thomas W. Phelps On Trends
“Since for all men the visibility of the future is zero beyond this instant, assumptions as to how long observed trends will continue must be based on probabilities which in turn have been derived from the past and hence may not apply to the future....
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The Trend Is Your Friend
Hey Passive Income Pursuit readers! I’m Marvin from Brick By Brick Investing, a blog where I teach the average Joe about investing and how to secure financial freedom by building passive income through the stock market. Quick thanks and shout out to...
Money and Finance