Money and Finance
-Thomas William Phelps, 100 to 1 inthe stock market
- Links
Greek stocks close with record drop of 16.23% (LINK) Greece's stock exchange closed Monday with a record drop of 16.23 percent on reopening after a five-week shutdown caused by capital controls.... The banking index on Monday lost nearly 30 percent,...
- Chuck Akre On Judgment In Investing
Via Market Folly (visit Market Folly for more notes from the Value Investing Congress): The following notes are courtesy of Kyle Mowery from GrizzlyRock Capital. Akre quoted Will Rodgers: "Good judgment comes from experience and experience comes...
- 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...
- 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...
- 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....
Money and Finance
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 profits. They come as a serendipity dividend on a well-managed quest for a better world.”
-Thomas William Phelps, 100 to 1 inthe stock market
- Links
Greek stocks close with record drop of 16.23% (LINK) Greece's stock exchange closed Monday with a record drop of 16.23 percent on reopening after a five-week shutdown caused by capital controls.... The banking index on Monday lost nearly 30 percent,...
- Chuck Akre On Judgment In Investing
Via Market Folly (visit Market Folly for more notes from the Value Investing Congress): The following notes are courtesy of Kyle Mowery from GrizzlyRock Capital. Akre quoted Will Rodgers: "Good judgment comes from experience and experience comes...
- 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...
- 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...
- 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....