Here are five things to quantify before entering any trades. These areas should be based on the parameters of your own time frame and trading system. Path of Least Resistance The first filter for any trade entry is the question: “Is the chart your trading in an uptrend, downtrend, range, or highly volatile?” “The answer […]
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There are five primary ways people become wealthy. Many times they are steps in a process that build one on top of another to create the capital to invest for wealth creation. Let’s look at each of the five steps. Financial Goals The first step to wealth is having goals on what it is exactly
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As a kid Jim Simons loved solving math problems, it was his passion. He thrived in school and went on to the best colleges as both a student and late a professor. His dream life was coffee, cigarettes, and math. He received a bachelor’s degree in mathematics from the Massachusetts Institute of Technology (MIT) in
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The psychology of trading can be just as important as the method chosen, the system development, the strategy used and risk management. Without the right mindset using clear rational and disciplined thinking nothing will work over the long term to create profitable trading as mental errors will sabotage any trading edge. The three primary mental
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Even though Warren Buffett’s favorite holding period is forever, even the Oracle of Omaha has reasons to exit his investment positions when he sees a reason to based on many different factors. Let’s look at some things that makes him sell a stock. Warren Buffett: When To Sell Buffett advises not to be anchored to
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An autodidact is a self-taught person. They are people that know how to first quantify what they want to learn, then identify the best sources to learn what they need know from, and finally do the work to learn what they need to know. Putting their new found knowledge into practice to achieve goals is
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During Berkshire-Hathaway’s 2021 annual shareholders meeting they were asked by Becky Quick: “What do you think of quants?” “Jim Simons Medallion Fund has done +39% net of fees for three decades, which proves that it works.” Warren Buffett’s response: “But they were very smart.” Charlie Munger: “Yes, they got very rich. And very high grade
$28 Billion Day Trader that Even Warren Buffett Acknowledges Read More »
Charlie is a legend in the investing world, here is what he learned about how to get rich, his investing strategy, and his journey to billionaire. “Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day-if you live long
Charlie Munger Got Rich When He Understood This Read More »
Ray Dalio founded Bridgewater Associates in 1975 and grew it into one of the world’s largest hedge funds by 2005. As of 2022 his hedge fund has 107 clients with over $235.5 billion in total assets under management. Ray Dalio is ranked the 67th richest person in the world according to Forbes with a net
Most People Have No Idea What Is Coming: Ray Dalio’s Warning Read More »
“The first $100,000 is a bitch, but you gotta do it. I don’t care what you have to do – if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit.”
Charlie Munger: Why Your First $100,000 will Change Your Life Read More »
Warren Buffett battled inflation in the late 1970s and early 1980s and also observed the long term effect consistent inflation has on consumer buying power, investments, savings, and companies expenses. Here are his insights on both investing and personal finance during inflationary environments. Warren Buffett Inflation Advice “If we dropped $1 million dollars of cash
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A list of the current most shorted stocks right now can be a great place to look for potential deep dip value buys. The stocks with the highest short interest on major U.S. stock exchanges is also a good list to watch and stay updated for potential short squeeze opportunities. Highest Short Interest Stocks 2022 The below
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For most people being rich or being poor starts with a mindset. Where you begin in life is based on luck, where you eventually end up is primarily based on your thoughts, beliefs, and mindset. How your circumstances, relationships, and finances trend are due to your actions and the root of most actions are based
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Young people have the benefit of time but the weakness of a lack of experience. Learning from others who have been successful can give a young person the edge on making better decisions with exponential returns over time. Here are ten of the biggest mistakes that most young people do and what to do instead.
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Too many times investors and traders start and stop what they think are great ideas in theory but aren’t so great in practice. Investors may bet on 20 great ideas in their life-if they even have that many-and assume they will make money, but this could be a mistake. Buffett says “three or five or
Warren Buffett: You Only Need To Know These 7 Rules Read More »
Many of the world’s best investors have been warning about runaway inflation coming to financial markets like Michael Burry, Warren Buffett, and Ray Dalio among others. Consumers have seen this first hand with the explosive move higher in most commodities, food, energy costs, and services. The majority see an inflationary uptrend for the foreseeable future
A Deflationary Crash Is Coming: Cathie Wood Prediction Read More »
In the world of finance, intrinsic value is the true, inherent, and essential value of a specific asset independent of its quoted price in a market. In speculation prices can become far removed from the actual value of a stock versus the business it represents ownership in. Fundamental analysis is used to quantify the intrinsic
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Below are the Berkshire-Hathaway portfolio holdings by sector and industry managed by Warren Buffett that were reported in the 13F filing to the SEC for the 1st quarter of 2022 on March 31st. Warren Buffett continues to oversee and manage the Berkshire-Hathaway portfolio with approximately $363.5 billion in capital, this is how he has his current portfolio allocated.
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Michael Burry is usually a year or two early in his trades and gets out a few months early but he is usually right in a huge way whether it was his early value stock picks, legendary short mortgage loans trade, Gamestop deep value investment in 2020 or Tesla short in 2021. Here are a
Michael Burry’s Warning for the 2022 Stock Market Crash Read More »
Charlie worked with Warren in Buffet’s grandfather’s grocery store in Omaha, Nebraska. Munger earned $2 for ten hours of labor in the 1930’s before he went off to college. Munger left the University of Michigan to become an Army meteorologist during World War II. After the war he earned a degree from Harvard Law School.
Charlie Munger Life Story Read More »