Health is Wealth Bullbear Stock Investing Notes ..read more

Charlie Munger:  If you take a business that is a GOOD business but not a fabulous (GREAT) business, they tend to fall into TWO categories: One is the business where the whole reported profit just sits there in surplus cash at the end of the year and you can take it out of the business and the business will do just as well without it, as it would if it stayed in the business The second business is one that reports the 12% (return) on capital but there's never any cash.  (This) reminds me of the used construction equipment business of my old friend John Anderson and he used to say in ..read more

  Health is Wealth Bullbear Stock Investing Notes ..read more

Passive Management Holding a highly diversified portfolio No attempt to find undervalued securities No attempt to time the market. Active Management Finding mispriced securities Timing the market Health is Wealth Bullbear Stock Investing Notes ..read more

Conflict between our thinking and our feelings makes things complicated.    Instincts, feelings and personal values take over and become a major part of our actions and behaviour.  Gut instincts or intuition rely a great deal on emotion and feelings.   Both feelings and instincts are major influences on our behaviour in the real world. Health is Wealth Bullbear Stock Investing Notes ..read more

12 Aug 2024 Making Money Linda Yueh is Professor of Economics at London Business School and a Fellow at Oxford. She’s written a book called The Great Crashes: Lessons from Global Meltdowns and How to Prevent Them (https://www.penguin.co.uk/books/31558... ) Chapters: 00:00-00:34 - Intro 00:34-08:23 - Why crashes are inevitable 08:23-14:00 - What causes an economic depression? 14:00-18:51 - How credible leaders stop crashes 18:51-19:36 - Vanta ad 19:36-25:30 - Lessons we haven’t learnt 25:30-30:00 - Who gets bailed out? 30:00-32:34 How often do global crashes happen? 32:34-37:42 - What’s th ..read more

 Selling is often a harder decision than buying "If you have bought a good quality stock at bargain or reasonable price, you can often hold forever." Investing is fun. For every rule, there is always an exception. The main reasons for selling a stock are: 1. When the fundamental has deteriorated permanently, (Sell urgently) 2. When it is overpriced, whereby the upside gain will be unlikely or very small and the downside loss will be big or certain. We shall examine reason No. 2 through the property market. The property market is also cyclical. There were periods of booms and dooms ..read more

  Health is Wealth Bullbear Stock Investing Notes ..read more

Health is Wealth Bullbear Stock Investing Notes ..read more

Health is Wealth Bullbear Stock Investing Notes ..read more