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
I write this letter on my way home from Steamboat Springs, Colorado, where I spoke to the fascinating “GoBundance” group of mostly young, successful, enthusiastic entrepreneurs. Before that I was in Grand Lake Stream, Maine, for the Camp Kotok economics/fishing retreat. I’ll have some details for you later. Today we will look back a few months to a Strategic Investment Conference presentation that truly affirms my optimistic outlook for both business and humanity. Read more.
Change happens quickly and, often, unpredictably. And as we will see, the unpredictable part is actually a mathematical principle. As in the Hemingway quote above, not just bankruptcy but change also happens slowly and then, seemingly, all at once. It’s time passing without change that causes the worst problems, including some historic economic catastrophes. It turns out we shouldn’t just accept change; we actually need it. Read more.
Back in early February of 2020, I noted that, even as the major stock market indexes had pushed to new highs, a number of Hindenburg Omens had been triggering on the NYSE and the Nasdaq pointing to a significant deterioration in breadth: “While an individual signal has very little value in forecasting a stock market crash… a cluster of signals can be valuable in that it signals a pattern of dispersion that is not compatible with a healthy uptrend.” In other words, where there’s fire (flames in the chart below) there’s smoke (a warning signal). The following six weeks of stock market action proved the value of this sort of signal yet again. Read more.
Great news: The US economy is officially out of recession. We know this because the National Bureau of Economic Research’s official recession-calling committee said so this week. The economy has been in an expansion phase since last April, making this the shortest recession on record at only two months. The NBER committee always makes these calls in hindsight—both the beginning and end of recessions. Literally everyone could see the economy coming to a halt in March and April. The signs weren’t subtle. Yet it wasn’t until June 8, 2020, that they said the economy had peaked in February, marking the recession’s onset. I don’t blame them for waiting to see the data, though. Caution is appropriate on these things. Read more.
Stock Investing 101
Small-cap stocks are defined as stocks that have a market capitalization between $300 million and $2 billion. When it comes to classifying stocks, small-cap stocks are one of four categories: Micro-cap stocksSmall-cap stocksMid-cap stocks Large-cap stocksMega-cap stocks You can typically determine whether a company qualifies as a small-cap stock by multiplying the total number of shares by the price of those shares. Knowing this formula can also help you determine any of the other missing...
When you show up to a new gym, it’s very unlikely that your personal trainer will start your workout right when you show up. Instead, they will probably spend a few minutes asking about your fitness goals. They’ll want to know things like: What is your main reason for working out?How many weeks/months/years do you plan on working out for?What is your past experience with fitness? The answers to these questions will help your trainer determine the type of workout routine that’s best for you....
To visualize the differences between small-cap and large-cap stocks, let’s imagine that you own a farm. You hope to boost your farm’s income by buying an apple tree. Since apples are a high-margin item, a quality apple tree should give your bottom line a slight boost. You head to an orchard and come across two potential options to buy. One tree is full-grown, very expensive, and is not quite the biggest tree you’ve ever seen. The other tree is a small sapling that you can buy for a fraction of...
If you were to ask the NFL’s top 5 quarterbacks about the best way to throw a football, they would all probably have slightly different answers. Every answer would still include a few key mechanics such as setting your feet and following through on your throw. However, every quarterback would probably tweak their answer slightly to account for their own personal preferences. Picking small-cap stocks is actually fairly similar. When it comes to picking small-cap stocks, there are a few key...
Each week as we read dozens of transcripts from earnings calls and company presentations, Avondale Asset Management takes note of interesting and important quotes from management about the economy and industry trends.
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Robert Ross's free weekly newsletter where he reveals the most effective ways to make a fortune with safe dividend stocks.