Stanley Druckenmiller regrets selling his NVIDIA position too soon. He said recently that he wished he had held on to his NVIDIA shares, but admitted he’s no Warren Buffett: “I don’t own things for 10 or 20 years. I wish I was Warren Buffett.” I admire his candid confession but … [Read more...] about Why we can do better than professional investors
InvestorBehavior
If you wait for the robins
Over the last two years, too many people bailed out on stocks because they wanted to avoid a possible recession. Peter Lynch once said: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Economic forecasts are … [Read more...] about If you wait for the robins
Not much going on
There is not much to do in investing these days. In fact, this whole year, I didn’t have many investing transactions. It has been that kind of year for me. One major reason why I didn’t have many stock buys this year is because I buy when the market is going down, not when it … [Read more...] about Not much going on
Where is the market headed next?
The S&P 500 index reached its peak in January 2022 and then proceeded to fall through most of the remaining year. By June 2022, it had dropped 20% below its peak and thus officially entered a bear market. From there it went on to further decline, eventually reaching a bottom … [Read more...] about Where is the market headed next?
Why are BREIT investors redeeming shares?
One of my popular posts over the last couple of years was on Blackstone’s non-traded commercial REIT called BREIT. I wrote about it a couple of times here. My last post on it was in August 2020. Back in 2018 when I first wrote about BREIT, it was a new up-and-coming REIT. For … [Read more...] about Why are BREIT investors redeeming shares?
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
A guide for young investor
I am in my fifties and I have been saving and investing since I began working full time more than twenty-five years ago. I have been writing about my investing in these pages for about three years. If you are in your 20s or 30s, perhaps you just started earning enough to save … [Read more...] about A guide for young investor
Breaking out to a new high
On June 9th, as the stock market came within 5% of its previous record high, my portfolio reached a new all-time high. That day, my portfolio nudged just above its prior record high made on February 19. Credit for this outperformance (since the broader stock market has yet to … [Read more...] about Breaking out to a new high
When’s the market bottoming?
Things have settled down a bit in the stock market. Since that nasty crash in March, stocks have mostly been on an upward trend. So, has the stock market already bottomed out? Or would there be another leg down from here? I can’t say. I admit it would be a useful thing to know … [Read more...] about When’s the market bottoming?
Why are you buying stocks today?
Today, Investors have become more enthusiastic about buying stocks. Although I don’t see euphoria about stock ownerships yet, but stock investing has become trendier. This is just my observation, entirely based on anecdotal evidence. Perhaps it’s a reflection of the stock … [Read more...] about Why are you buying stocks today?