An investment in knowledge pays the best interest.
I would like to review a metric that I use to measure risk management effectiveness. It is called the Gain to Pain Ratio (GPR). It is a measurement that helps to measure our returns against the risk we take to obtain those returns. The GPR ratio expresses the returns in relation of the risk taken […]
UPOD = under promise and over deliver is a habit that is common to winners. As an eclectic investor, I have been able to profit handsomely from this habit. Let’s break down UPOD to its two components. Under promise Have you seen in Star Trek, when the USS Enterprise was in trouble and Captain Kirk […]
In a previous post I mentioned my reasons for owning a small business. In this post I am going to review my preferred way of getting one. Many people believe that to become an entrepreneur one must start a business. This is not true. There is another option: buying it. I’ve done both. I’ve bought […]
Be curious. Identify attributes of successful companies and keep an eye out for them repeating in other companies. What do I mean by this? When I invest, it is not enough to only review the financial statements. I’m on the lookout for, what I call “business rhymes”. These are characteristics of successful businesses that appear […]
“The four most dangerous words in investing are: ‘this time it’s different.’”
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”