I am not a financial wizard. I am not even an expert. I’ve been an active investor for less than three years now. But probably half of my thoughts and spare time during those years have been given to investment investigations. I finally understand how to beat the market.
So now, since I’m a writer, I want to write about what I’ve learned, and what I’m still learning.
I keep having questions. How much should a stock’s price matter when considering an investment? Is there such a thing as a company’s intrinsic value? Why isn’t the market efficient? What causes the momentum effect? What is risk? Why do different measurements of growth and value produce such different results? Is there a winner for every loser? Is investing a form of gambling? What are the trade-offs in low-liquidity stock investing? Is there a logical flaw in screening stocks? What does one have to take into account when looking at a company’s earnings? What is return on capital? Why is the accrual ratio important? Why is middling better than high year-to-year revenue growth? Why is a stable operating margin better than a rapidly growing one? What are the ethics of investing? Why invest in the first place?
I hope you’ll be entertained. I’m going to try to keep my discussions simple so that even people who know nothing about the stock market will be able to grasp what I’m talking about. And I welcome comments and questions.
My ten largest holdings right now: FONR, LNTH, BLBD, UWN, EMMS, ESXB, HBP, RBPAA, FSI, GSOL
YTD CAGR: 42%
The The Efficient Market Hypothesis article link is bad. Do you recall the name of the article?
Posted by: Tony Willingham | 10/24/2020 at 09:37 AM