It isn’t as important to buy as cheap as possible as it is to buy at the right time.
Most of us think of the stock market as a monolithic entity. I don’t. I believe it has an internal structure of three categories each based on the size and history of the companies. Or sometimes, it’s just the nature of the business. Each segment has its own investment advocates.
The first segment is based on the historic reason...
For all the presumed sophistication of Wall Street investment banking firms, I have yet to see a mention of a simple financial law. The law states the faster a company grows, the harder it is to maintain the same percentage of growth. We now have dozens of “unicorn” companies (billion dollar valuations) ready to go public. Many are 10 ...
You might think I’m referring to Bill Gates, but the story goes back much further in time. The father of 20th century technology, undoubtedly, was General Georges Doriot. He was born in France in 1899. Twenty-one years later, he came to the United States as a young immigrant to attend the Harvard Business School. Four years...
If you created a computer system that could send signals close to the speed of light, would it make you a successful investor? You might respond, “What does the speed of light have to do with investing? That’s astrophysics.” You would be correct; it has nothing to do with investing. So why have astrophysicists made most of the money in...
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