Great Investors Understand Progress

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“We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve got strong confidence among businesses and consumers. The kick is we can do all of this without aggravating inflation and interest rates. If that’s going to continue, I think the bull market could continue forever.”
– Jim Paulsen, Chief Investment Strategist for The Leuthold Group

In last month’s article, we focused on “Knowing a Good Time to Invest” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors Understand Progress

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The Tree of Wealth

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“Somebody’s sitting in the shade today because someone planted a tree a long time ago”
– Warren Buffett

It seems as if the human attention span is on the endangered species list these days. With the rise of the internet and mobile communications, it seems that we all think and communicate in 140 characters or less, and “Long Term” is defined as the next 5 minutes.

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Great Investors Don’t Listen to Robots

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“Even if you could trick an algorithm into giving you the portfolio you need as opposed to the one you want—which you can’t—an algorithm can’t hold your hand, look into your eyes and advise you credibly not to worry when the market goes down 30%. You will still bolt out of your portfolio at the wrong time and for the wrong reasons.”
– Nick Murray

In last month’s article, we focused on “Taking advantage of Dividends” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on slightly different habit that great investors understand……Great Investors Don’t Listen to Robots.

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Great Investors Understand Risk

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“Risk is not knowing what you are doing.”
– Warren Buffett

In last month’s article, we focused on “Faith in the Future” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a related, but slightly different quality…Great Investors Understand Risk.

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Permanent Crisis

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“Do not resign yourself to this battle. Do not see investing as some kind of Sisyphean exercise, in which you are tragically fated to roll the rock of your wealth up the hill in rising markets, only to watch it roll down again when markets crash. Believe that you can triumph, and that all you need in order to succeed beyond your wildest dreams is out there – lost in the darkness of ignorance and fear – waiting for you to shine a light on them.”
– Nick Murray

The US stock market has been in an impressive bull market for the last year or so, which has taken many investors by surprise. In fact, the recent run in stock prices has been called “the most hated bull market in history”, as many investors don’t trust the market these days, or believe the reasons why it is increasing.  More →

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Great Investors Don’t get Surprised

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“The time to do lifeboat drills is not after the ship has struck an iceberg”
– Nick Murray

In last month’s article, we focused on “Having a Good Memory” as one of the great qualities to adopt for anyone who wants to become a great investor. This month we focus on a similar, but slightly different quality…Great Investors Don’t get Surprised

Surprise is the Mother of Panic

Great investors understand that all good investing is really simply an exercise in the control of our emotions in the face of uncertainty about the future. In particular, there is an inverse relationship between the intensity of the emotion that we may be experiencing at any given moment, and our ability to think and act rationally. As our emotions crank up, our ability to act effectively begins to deteriorate. As a result, emotion is the enemy of sound investing policy.
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A Christmas Message

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Nick Murray is a noted author and consultant in the financial services industry. We are subscribers to his monthly newsletter, which is a wonderful publication filled with great wisdom every month. This week he sent out a Christmas message to all of his subscribers which we found so wonderful we felt it should be shared:
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