Stocks went down again in September, this time dropping below the June lows. Year to date, the S&P 500 index is down by about -24%. It is a veritable bear market indeed. In response to the S&P 500 touching new lows, I invested more of my dry powder cash at bargain … [Read more...] about Better to be too early than too late
FamousInvestors
If you’ve ten years to invest
Last week I read Davis New York Venture fund’s annual letter. Its eponymous portfolio manager Chris Davis writes thoughtful analyses of investing landscape every year. I enjoy reading his investor letters even though I have not (yet) invested any money in his Davis funds family. … [Read more...] about If you’ve ten years to invest
From Buffett’s letter
Warren Buffett’s annual shareholder letter came out last month. As usual, it was widely covered by the mainstream media and numerous financial analysts. There is not much I can add to what was already written about it in the press. Though there is this one minor angle on … [Read more...] about From Buffett’s letter
Keeping it simple, unlike Mr. Ackman
Bill Ackman is a well-known and widely followed hedge fund manager. During the Covid market selloff in early 2020, he made several billion dollars by timely moving in and out of the markets. First, he bought credit default swaps to hedge against panic in the bond market. That … [Read more...] about Keeping it simple, unlike Mr. Ackman
Tesla, BYD, and Charlie Munger
As I wrote last month, in 2020 Tesla jumped from #8 to #2 position in my portfolio. This week as I set about writing a blog post dedicated to my Tesla holding, I came across Charlie Munger’s Q&A from the Daily Journal’s annual shareholder meeting. Mr. Munger does not own any … [Read more...] about Tesla, BYD, and Charlie Munger