“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger Pfäffikon SZ, Switzerland – Last week, Americans went to the polls, and they voted for an impasse. The stock market initially reacted relieved, but investors returned to earth last Friday. This confirms that the […]
“Far and away the best prize that life has to offer is the chance to work hard at work worth doing.” – Theodore Roosevelt Pfäffikon SZ, Switzerland – Fortunately, October ended. October was the worst month in seven years for the S&P 500 (-7%). The Nasdaq (-9%) lost even more. The good news is that […]
“Volatility is not the same thing as risk, and investors who think it is will cost themselves money.” – Warren Buffett Pfäffikon SZ, Switzerland – Many gurus and analysts have no difficulty in explaining the recent sell-off. In general, the accrued interest is designated as the culprit; however, this approach is too simple. The US […]
“Markets love volatility. ” – Christine Lagarde Pfäffikon SZ, Switzerland – The market settled down a bit last week. Nevertheless, the autumn storm does not seem to be over at the stock markets. The S&P 500 still struggles with the 200-DMA, and that makes the technical gourmets among us nervous. The good news is that […]