"The market has attention deficit disorder, a lot of the market participants with a short term time horizon have a levered attention deficit disorder which has a capabilty of destabilizing the market. It is the job of a long term investor to take advantage of this disorder and volatility in market."
Joe, Wickwire - Fidelity Portfolio Manager
Thursday, March 31, 2011
Wednesday, March 16, 2011
Can anything else go wrong?
Unpredictability in the market is just not predicated on happening of any one event. It can be any of the below or possibly a combination of any below.
1. Anticipated End of Quantitative Easing in June and the reaction of the US economy after that
2. Impending nuclear event and already happened natural disaster in Japan
3. Concerns of slowing growth in China, implying slowdown for jobs and instability for chinese govt
4. inflation concerns in india and other emerging economies
5. protests in middle east region spreading implying disruption in oil supply and price hikes
6. problems of sovereign debt in europe
Can anything else go wrong in the world? can the market/investors be blindsighted by something else..
...yes of course, they can get caught unprepared by Analyst downgrades.
1. Anticipated End of Quantitative Easing in June and the reaction of the US economy after that
2. Impending nuclear event and already happened natural disaster in Japan
3. Concerns of slowing growth in China, implying slowdown for jobs and instability for chinese govt
4. inflation concerns in india and other emerging economies
5. protests in middle east region spreading implying disruption in oil supply and price hikes
6. problems of sovereign debt in europe
Can anything else go wrong in the world? can the market/investors be blindsighted by something else..
...yes of course, they can get caught unprepared by Analyst downgrades.
Saturday, March 12, 2011
Good to read and Better to follow
7 Immutable Laws of Investing - James Montier
They are as follows:
1. Always insist on a margin of safety
2. This time is never different
3. Be patient and wait for the fat pitch
4. Be contrarian
5. Risk is the permanent loss of capital, never a number
6. Be leery of leverage
7. Never invest in something you don’t understand
They are as follows:
1. Always insist on a margin of safety
2. This time is never different
3. Be patient and wait for the fat pitch
4. Be contrarian
5. Risk is the permanent loss of capital, never a number
6. Be leery of leverage
7. Never invest in something you don’t understand
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