Investment Guru Stock Tips and Expert Advice
Better be wise by the misfortunes of others than by your own.
He who is not courageous enough to take risks will accomplish nothing in life.
My goal is not to fail fast. My goal is to succeed over the long term.
Knowing yourself is the beginning of all wisdom.
Never let knowledge stand in the way of truth.
We just focus on a few outstanding companies.
What the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.
It’s not enough that we do our best; sometimes we have to do what’s required.
Sir Winston Churchill
Stock Investment Gurus
Compiled by the experts at Sophic Capital
There’s no way around it: Investing in public companies is always political. Corporations exist because governments charter these artificial entities and legally shield the owners (shareholders) from personal liability. This initially simple concept grew more complex over time. For those interested in the origins, see the fabulous book The First Tycoon. It tells the story of Cornelius Vanderbilt who, along with steamships and railroads, helped usher in the concept of the modern corporation. Vanderbilt was at the foundation of what became modern corporations, even if he and his cohorts did it to further their own ends. You’ll better understand where we are today if you understand how we began. Read more.
April’s inflation figures came in hotter than expected and there are plenty of signs suggesting tomorrow’s report on May CPI will only add to that trend. As a result, you might think that markets may begin to price in an inflationary consensus. You would be wrong. Read more.
Macroeconomic forecasting is too politicized. I don’t mean that in a partisan sense, though it may be so. The bigger problem is that forecasters spend most of their time thinking about central bank decisions and government policies. In the long run, those aren’t the most important factors. Not even close. What really drives economic progress is human ingenuity and the innovation it produces. In other words, technology. I use that term in its broadest sense: applying knowledge to make life better. Nowadays we associate technology with electronic devices, but it’s much older. The wheel was an early technology. We progressed to steam engines, automobiles, telegraphs, radios, airplanes, computers, and more. Each (and a million others) boosted economic growth. Their combined effect brought us to where we are today. Read more.
If you could ask the world’s top central bankers what really terrifies them, I think the honest answer would usually be “deflation.” It is their greatest nightmare. They think a little inflation is good (thus the 2%+ target), and they’re confident they can subdue it if necessary. Deflation is a bigger problem. Let’s note, however, that these aren’t either/or conditions. They have degrees of severity. Indeed, the last four decades we’ve seen disinflation—a mild form of deflation—in many segments of the economy. Compared to that, even relatively mild inflation looks quite concerning. And many smart people are concerned, as I described in last week’s review of SIC inflation talk. Read more.
Stock Investing 101
When it comes to investing in large cap stocks versus small cap stocks and microcap stocks, several factors come into play. There are certainly risks involved in all market cap categories, and it takes a depth of knowledge and expertise to ensure that the right money is invested in the right opportunity at the right time. Market capitalization is often linked to the risk/reward factor of an individual investment. Companies with smaller market capitalization are small cap stocks. They...
Small cap stocks are shares of companies with a small market capitalization. This definition of “small market capitalization” varies by country, as the size of the total capital pool/GDP can differ, and thus the respective bands that define small cap, microcap or large cap stocks can vary. Generally, publicly traded equities are considered small cap stocks if their market capitalization (“market cap”) is between $300 million to $2 billion. In contrast, microcap stocks are companies that have...
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