Seth Clarman grāmata: Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Esmu izlasījis daļu no tās un varu iemest atziņas, domugraudus no grāmatas, kurus es esmu izkopējis priekš sevis, lai vēlāk caurskatītu.

Kad tikšu tālāk, tad būs arī papildinājums.

© Investors are frequently lured by the prospect of quick and easy gain and fall victim to the many fads of Wall Street.

© For the remainder of the book I recommend one particular path for investors to follow—a value-investment philosophy

© It is easy to stray but a continuous effort to remain disciplined.

© Value investing requires a great deal of hard work, unusually strict discipline, and a long-term investment horizon

© In addition, hundreds of billions of dollars are invested in virtual or complete ignorance of underlying business funda­mentals

© Investors are sometimes their own worst enemies. When prices are generally rising, for example, greed leads investors to speculate, to make substantial, high-risk bets based upon opti­mistic predictions, and to focus on return while ignoring risk. At the other end of the emotional spectrum, when prices are generally falling, fear of loss causes investors to focus solely on the possibility of continued price declines to the exclusion of investment fundamentals

© The unfortu­nate reality is that investment success cannot be captured in a mathematical equation or a computer program.

© Wall Street brokers and investment bankers, many individual as well as institutional investors either ignore or deliberately disregard underlying business value, instead regarding stocks solely as pieces of paper to be traded back and forth.

© The disregard for investment fundamentals sometimes affects the entire stock market

© the value of American industry in the aggregate had not increased by 44% as of August 25. Similarly, it is highly unlikely that the value of American industry declined by 23% on a single day, October 19.”1

© The correct choice for investors is obvious but requires a level of commitment most are unwilling to make. This choice is known as fundamental analysis, whereby stocks are regarded as fractional ownership of the underlying businesses that they represent

© There is nothing esoteric about value investing. It is simply the process of determining the value underlying a security and then buying it at a considerable discount from that value. It is really that simple

© Most investors are primarily oriented toward return, how much they can make, and pay little attention to risk, how much they can lose.

© The most beneficial time to be a value investor is when the market is falling

© Those who can predict the future should participate fully, indeed on margin using borrowed money, when the market is about to rise and get out of the market before it declines.

© Indeed, once you adopt a value-investment strategy, any other investment behavior starts to seem like gambling

© Mark Twain said that there are two times in a man’s life when he should not speculate: when he can’t afford it and when he can

© . Investors make buy and sell decisions on the basis of the cur­rent prices of securities compared with the perceived values of those securities

© sell when the return no longer justifies the risk.

© Investors believe that over the long run security prices tend to reflect fundamental developments involving the underlying businesses.

(c) Inesis

(c) Inesis

Es, pilnībā normāls čalis, ieeju savas māsas istabā (kurā uzturos reti) un iedomājaties, ko es tur ieraugu!

Viņa pie datora, ar visiem desmit, vienlaikus.

Raksta ! Uz datora.

Saprotiet paši- vecākā brāļa tituls nepieļauj,ka jaunākā māsa varētu rakstīt par mani ātrāk, kur nu vēl ar visiem pirkstiem( laikam dienās būs laba sekretāre, mati blondi arī  ir….).

Tā nu piesolīju viņai daļu no savām vakariņām apmaiņa pret viņas lokano pirkstu noslēpumu.

Viņa saņēma ceptus kabačus,bet es  liku uz mazu, mīļu bezmaksas un bez reklāmas programmu, ar kuras palīdzību var iemācīties (uzsvars uz vārda VAR) rakstīt kā sekretāre pat tad ja esi neglīts, īsām kājām, vai arī vīrietis ar spalvainām krūtīm.

Programma saucas “Stamina” bet google.com to var atrast zem atslēgas vārdiem “Stamina typist tutor”

Programma priecē ar savu vienkāršību ,funkcionalitāti un skaņas efektiem, kuri atskan, ja tiek nospiests nepareizais taustiņš.

Ja esi darbā,tad skaņu datoram labāk atslēdz  8)

Tiem,kam slinkums meklēt – varat novilkt šeit

Atslēgas vārdi: kā rakstīt ar 10 pirkstiem ?;  ātrrakstīšana ; speed writing,