-
Investing Like Mr. Morgan, Not Like Mr. Ford
The great venture capital investors have a number of common traits. J.P. Morgan, of whom my grandfather was a partner, had a cardinal rule: look first at the character of the people involved.
-
The Shortest Possible Course in Reading a Financial Statement
To invest sensibly you need to understand what the company is trying to tell you in its financial statement. Though the elements are fairly simple, I observe that many of my clients have trouble reading one. So here is a simple guide to help get started.
-
Continental Drift—America and France
I have always loved France, and it is with chagrin that I see the centrifugal forces of history steadily separating that wonderful country and my own.
-
Protect Yourself Against Yourself
Column in Forbes explains two ways to protect ourselves when we aren’t able to handle our financial affairs.
-
Swarm Theory
The Dance of the Money Bees was the first book ever to use a biological example to describe financial phenomena, writes Christopher T. May.
-
The Case for Studying the Classics
In school the subjects you learn are less important than developing character and learning how to think. Working your way through classical texts forces you to be accurate in a way not required in any other study except math.
-
Twelve Choruses of a Market Cycle
Major market cycles have a life of their own, like the ups and downs of a manic depressive patient. The choruses sung at each stage are not based on objective data. They are just rationalizations.
-
When to Sell, or How to Boil a Frog
The investor’s first concern must be to survive; that is, not to lose a lot of money. I mean in real terms, not quotational terms. The market rises and sets all the time. Don’t worry too much about that. So does the sun. Truly losing money is when an asset you own falls apart. That’s…
-
Going Into Wall Street
I am frequently asked about the best background for the investment business. To start with, I am quite sure what isn’t: majoring in economics, and then entering Wall Street.
-
C. Northcote Parkinson – An Appreciation
Few management philosophers have combined so much wit and wisdom, and none was as charming, as Professor C. Northcote Parkinson.