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2015-08-27

  • pravchaw commented on John Dorfman's article 08-27 06:39
    True Confession about a Total Disaster in Stock Picking
    I have just experienced one of my worst performances ever as a stock-picking columnist. About twice a year, I recommend a few stocks...
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    pravchaw 08-27 07:39
    • John, Thanks for the write-up and your candour in discussing your picks.  I have not followed you in the past but will do so now.  No one could predict the oil crash - so your pick of NOV was totally understadable.  Even the great WB picked it.  MU was a little more difficult to understand as memory chips are a very cyclical industry and probably the time to buy it is now at the bottom of the cycle (if this is the bottom?) as the industry has terrific operating leverage both negative and positive due to high fixed costs.  Again  re SFM "bird flu" is inherently unpredictable.  Unfortuately you got the short end of a trifecta of unpredictableness.  It happens.  I will look at your new picks carefully.  Thanks again.

2015-08-26

2015-08-25

2015-08-22

2015-08-20

  • pravchaw commented on Thomas Macpherson's article 08-20 22:48
    What Knowledge Matters?
    In 1888, a Harvard professor in biology gave a speech at the Lowell Foundation about the abilities of species to survive and thrive in a constantly...
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    pravchaw 08-20 23:48
    • I would guess that a mosquito or a cockroach or a rat are examples of sucessful species.  :-)  They will likely be around after we humans are gone mostly by our own stupidity.

      As far as value investing is concerened I think Buffet and Munger have placed greater value on temprament than just intellect.  
  • pravchaw commented on Jason Fieber's article 08-20 17:04
    It Can Be Good to Have a Job You Don't Like
    That’s right. I’m glad I had a job that I hated. That job was working as a service advisor in the auto industry. Specifically, I worked for...
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    pravchaw 08-20 18:04
    • Good post.  I enjoyed what I did and the money was great but the politics at work was just hurting my health.  I am glad that I am out.  Its 6 months now and I am very relaxed.  When increasing passive income meets reducing wants, good things happen.

2015-08-18

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