A Few Random Investment Thoughts

The Importance of having a Long-Term Time Horizon “It is just appalling the nerve strain people put themselves under trying to buy something today and sell it tomorrow. It’s a small-win proposition. If you are a truly long-range investor, of which I am...

A Few Simple Thoughts

“In theory, there is no difference between practice and theory.  In practice, there is.”                                                                                                       Yogi Berra In 1950 – to pick a year at random -the S&P 500 index...

Table Stakes

Table Stakes In 1999, at the height of the last technology-telecom-media bubble, the Nasdaq index rose by 84%. By comparison, the Russell Large Cap Value index returned 6.7% while Warren Buffett’s Berkshire Hathaway actually declined by 25%. Following that year, where...