Yes, you can lose…

“The most worthless of mankind are not afraid to condemn in others the same disorders which they allow in themselves” Edward Gibbon “The decline and fall of the Roman Empire” Prize in others the good qualities you’d like to have but you are struggling to achieve. It is not only paramount to find the right…

Permanent Holdings

Puo’ essere che “Forever is not as long as it used to be”. Maybe, ma non di meno I grandi risultati per il vero investitore si misurano sul lungo termine. Wall Street ne e’ una evidente dimostrazione. Chi ha investito con me condivide da principio che noi siamo un Gruppo “long-term greedy”. Alcuni businesses acquisiti…

Supermoney

Quanto sono attuali ed applicabili oggi i principi dell’ “old school” of investing nel mondo tech dominato da Amazon, FB, etc? E’ Supermoney, il libro di Adam Smith del 1972 diventato sinonimo di Supervalutazioni a Wall Street oggi? E titoli come Tesla si sgonfieranno mai? Marketwatch di recente ha pubblicato un articolo il cui titolo…

Waiting

WAITING (part 1) In the investment world, you need patience. Unlike trading or speculating where the short-term benefit comes from being opportunistic, in ‘real’ investing, it is essential for the intelligent investor to wait patiently to reap long-term rewards. Waiting also possesses another virtue: the ability of gleaning more wisdom while waiting for the right…

The power of Inactivity

I’ve experienced as a business owner what hard work really means; working from 04.30 am to midnight, driven by a burning desire to accomplish your goals. In my case, the few years committed to working in this unrealistic way, combined with a specific talent for the Real Estate brokerage business, paid off. But then, at…

“Everyone seems to believe it..”

A few years ago, when I was in Warsaw for my CFA level I preparation course, an “academician” (professor) knowing my passion for Warren Buffett asked me: “So what do you do? Do you “copycat” what he buys, strictly following his ‘moves'(investments), and his portfolio?” I said “No, of course not! One of the first…

“Paths to wealth through reading”

I encouraged my 14 years old son to read with me chapter 8 and chapter 20 of the “Intelligent Investor”. Just 2 pages a day but consistently, everyday for roughly 20 days. Here’s what happened. We really enjoyed sharing together in a world of wisdom that “neither derives pleasure from being with the crowd or…