“When buying stocks, search for bargains among quality stocks.” Sir John Templeton

In the late 1990’s a group of brilliant, experienced financial experts joined forces and formed a trading company.   They developed elaborate trading strategies focused on finding disparities in prices.   They exploited those differences making a small profit per trade but millions of trades.  Then they leveraged borrowing more and more money.

They were making millions then guessed wrong. Read More→

“Buy when most people. . . including experts. . . are pessimistic, and sell when they are actively optimistic.” Benjamin Graham, quoted by Sir John Templeton.

“Investing is easy,” a neighbor remarked to me one Saturday while we stood in her front yard chatting.

“Really?” I responded.

“Sure, you just buy low and sell high.  How hard is that?”

“Not hard at all.  Just most people do the opposite.” Read More→

“What always impresses me is how much better the relaxed, long-term owners of stock do with their portfolios than the traders do.” Lucien Hooper, quoted by Sir John Templeton.

A friend and client emailed me asking what I thought about a particular investment that has been in the news lately.  “What about buying it?” he asked.  “It’s gone up a lot since the last time we discussed it.”  He’s concerned he’ll miss out on the skyrocketing growth.

He and I have talked about this investment before on the phone when he asked, “Do you think it’ll go higher?” Read More→