Are Small and Mid Cap Stocks Getting Pricey?

“An investor should have an adequate idea of stock market history, in terms particularly of the major fluctuations. With this background he may be in a position to form some worthwhile judgment of the attractiveness or dangers…of the market.” – Benjamin Graham

Second Level Thinking about Sector Investing

“We should try to find value among the knowable – industries, companies and securities – rather than base our decisions on what we expect from the less-knowable macro world of economics and broad market performance.” – Howard Marks Being a decent investor is fairly easy. You invest in low cost, highly diversified index funds, set…

How to Beat the Market Over 20 Years

“The goal of the advisor shouldn’t be to beat the market by picking stocks or winning funds. Advisors add value by providing the discipline required for successful investing. They add value in areas like tax efficiency, risk management, estate planning and retirement planning.” – John Bogle Investors on Wall Street are obsessed with beating the…

Are Pensions to Blame for the Retirement Crisis?

“The first and biggest driver of your total wealth at retirement is simply the amount of money that you managed to save, in total, over the course of your working life. The more money you put away, and the less money you spent, the more you’ll end up with at the end of the day.”…

Now is Not the Time to Get Greedy

“When things are going well people become greedy and enthusiastic, and when times are troubled, people become fearful and reticent. That’s just the wrong thing to do. It’s important to control fear and greed.” – Howard Marks

Dinner Party Conversation Starters

“The more that you read, the more things you’ll know. The more that you learn, the more places you’ll go.” – Dr. Suess I’m constantly reading and I tend to come across interesting information about the financial markets, businesses and the economy.  So I thought I would start collecting some of the most interesting little…

3 Mistakes to Avoid Courtesy of Warren Buffett

“You don’t need to look at the prices of the stocks you own from week-to-week, or month-to-month, or even year-to-year.  If you own a cross-section of American businesses, and you don’t get excited (and buy) just at the very top, and if you buy in over time, you are going to do well.” – Warren…