value investing

What Is Making Money?

The doom and gloom in financial markets has made the world a very pessimistic place. Investors and business people are frustrated by the state of the economy, the state of politics and it seems like there is no end to the number of crises looming on the horizon.

The problem with top-down macro analysis and journalistic reporting is that everything is painted with the same broad brush. The quest for trends forces one to either be positive about all things in general or negative about all things in general. There is no intermediate stage. More...

Making Time Your Enemy

I've always maintained that to be a successful investor, one has to make time a friend and not an enemy. There are innumerable potential opportunities in life where we know the eventual outcome but we don't know when the outcome will take place. Such situations are not risky but uncertain. More...