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Richard Branson, founder of Virgin Group, talks about entrepreneurship and the European sovereign-debt crisis. Source: Bloomberg, November 15, 2011.
To be a successful investor you have to be able to avoid some natural human tendencies to follow the herd. You have to have a stomach to withstand the volatility of the stock markets. So says hedge fund manager Bill Ackman in this selection from a Floating University lecture. Source: Big Think, October 27, 2011.
Through the “noise” of the year-end soothsaying contests, Ramond James‘s Chief Investment Strategist Jeffrey Saut reminds us of some simple investment lessons. He specifically refers to those published by Arthur Ziekel in The Financial Analysts Journal in 1995. Ziekel at the time was head of Merrill Lynch Asset Management and penned the lessons as a letter to his daughter, as reported below. “Personal portfolio management is not a competitive sport. It is, instead, an important individualized effort to achieve some predetermined financial goal balancing one’s risk-tolerance level with the desire to enhance capital wealth. Good investment management practices are complex and time consuming, requiring discipline, patience, and consistency of application. Too many investors fail to follow some simple, time-tested tenets that improve the odds of achieving success and, at the same time, reduce the anxiety naturally associated with an uncertain undertaking. I hope the following advice will help: A fool and his money are soon parted. There is no free lunch. Better to be safe than sorry. Never up, never in. Most investors underestimate the stress of a high-risk portfolio on the way down. Don’t put all your eggs in one basket. Remember, leverage works both ways. More money has been lost searching for yield than at the point of a gun. Spend interest, never principal. You cannot eat relative performance. Don’t be afraid to take a loss. Watch out for fads. Act. Take the long view. Remember the value of common sense. This is all you really need to know … Love Dad” Source: Jeffrey Saut, Ramond James, December 27, 2010.
The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead. US: Vote, Fed in the spotlight Europe: Telecoms and banks Asia: Monetary policy decisions Source: MarketWatch (here, here and here), October 29, 2010.
In this video clip, Charlie Rose sits down with Maria Bartiromo, CNBC Anchor, to discuss her recently published book, The 10 Laws of Enduring Success. A link to the transcript of the interview follows at the end of the post. Click here or on the image below to view the video. Click here for a transcript of the interview. Source: Charlie Rose, May 10, 2010.
James Surowiecki, business columnist of The New Yorker, speaks with Michael Mauboussin, the chief investment strategist of Legg Mason Capital Management and the author of Think Twice: Harnessing the Power of Counterintuition, about common investment mistakes, how to improve decision-making, and what investors can learn from the recent stock-market woes. Source: The New Yorker, March 23, 2010. | ||||||||||||||||||||||||||||||||||||||||||||||
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