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How to Read an Annual Report Like Mohnish Pabrai
How do you read a company's annual report? It's a question I often get. The renowned value investor Mohnish Pabrai was recently asked that exact question in a YouTube video. Luckily for us, he answered. This is obviously very valuable information, as he is a gifted...
Why I’m Grateful that COVID-19 Messed Up My Life
When Denmark locked down in the spring of 2020, I, like many others around the world, watched the news unfold with confusion and a growing sense of isolation. I was alone with two small boys (3 and 6 years old at the time), and I felt trapped. I couldn't even run down...
Ten symptoms That You Lack a Strategy With Your Stock Market Investments
I have heard many stories about how badly it can affect private investors and their families when stocks plunge. I've heard of heart palpitations at night, of panic over selling stocks at the wrong time, and of marriages breaking up because of financial arguments. It...
Five Types of Companies You Should Avoid in a Recession
Warren Buffett says there are only two rules in investing: Never lose money. Never forget rule number 1. It sounds so simple. But how do you avoid losing money? The most important thing is to avoid investing in companies that go bankrupt. In a recession, more...
Three Things Running Can Teach You About Investing
Sometimes when I run, I think about how much running and stock market investing have in common. Actually, running is super simple. You just have to put one foot in front of the other. It's an effective form of exercise, and you can probably add a decade to your life...
Why Did Michael Burry Sell All His Stocks and Shares?
When Michael Burry steps out of the stock market, people wonder why. The legendary hedge fund manager Michael Burry became famous for predicting the 2008 financial crisis, as depicted in the movie The Big Short, which was based on true events. In the second...
Five Reasons Not to Trust Analysts’ Recommendations
“Is there a recommendation to buy stocks in the company?” “What do the analysts say about it?” These are the kinds of questions I often hear people ask when they are considering investing in a company. Most people have blind faith in stock analysts as experts and...
Whether Stocks Will Fall or Soar and What You Should Do About It
This year has been a difficult time for many stock market investors. Shares dived the first six months of the year, and few of them have escaped the plunge. In fact, the major U.S. stock index S&P 500 has had its worst first six months in half a century, according...
Five Hacks for Getting Productive After a Vacation
We all know the feeling. You're back from a long vacation, and now you barely remember how the coffee machine works. While you've been away, tasks have piled up while your pace is slower than before. How do you get into it again? Where should you start, and how? This...
The Top 20 Online Sites For Stock Market Investors
There are a lot of tools available for you as an investor, but it's easy to get lost on the internet. This list will help you cut to the chase and find the best sites quicker. Here are the 20 best online tools and websites for value investors: 1. The Company's Own...
Three Reasons I Want to Invest for Others
When I began blogging five years ago, I looked around the investment landscape and noticed how ordinary people gambled with their money. Back then, the trend was cannabis stocks and small IPOs that didn’t have a chance to really fly. It made me want to blog about...
Bill Ruane’s 4 Guiding Principles to Investing in Stocks
How does Bill Ruane - the only investor that Warren Buffett has ever recommended - actually invest? When Warren Buffett closed his partnership in 1969, he gave his partners two choices. They could either stay in Berkshire Hathaway, shares that his partnership had...
The 12 Investing Books that Made Michael Burry
Michael Burry, who became famous as an investor when he shorted subprime before the financial crisis, a story which was dramatized in The Big Short, is not a trained economist, and he has never gone to business school. He is, on the contrary, a trained doctor....
Top 10 Takeaways from Buffetts 2022 Berkshire Hathaway Meeting
Every year in early May, over 30,000 shareholders travel to Omaha, Nebraska to hear Warren Buffett and his partner, Charlie Munger, answer questions. Officially, it’s the annual shareholders’ meeting of Buffett’s company, Berkshire Hathaway. But that’s not really what...
Five Reasons to Let Others Invest for You
I’m all about getting educated about money, finance, and stocks and making your own investment decisions. Sometimes, however, there can be some sound reasons for letting others invest for you instead of doing it yourself. Over the last four years, I have blogged and...
Ten Key Takeaways from Charlie Munger’s Daily Journal Talk
A few weeks ago, Charlie Munger answered questions at the Daily Journal's general meeting, which is an event that many value investors look forward to. They do so because Charlie Munger - like his friend and partner Warren Buffett - is one of the best stock market...
How Warren Buffett Ran His Early Partnership
If you invested with Warren Buffett in 1957, and until his partnership was dissolved in 1969, an investment of 10,000 USD would have grown into more than 160,000 USD. If, on the other hand, you had invested in the US stock index Dow Jones, it would only have grown to...
Four Reasons Stocks Dive
The stock market has been very choppy lately. Stocks fall, stocks rise. Some companies have lost a lot of market value and others have regained it. Sometimes there is a logical reason for the plunge, and other times it’s not entirely clear why a business plummets. In...
10 Things I Learned from The Big Short About Investing in Stocks
What can you learn today from the geniuses who foresaw the financial crisis? I recently reread Michael Lewis’s book The Big Short. I was amazed at how much I learned from rereading it with my investor’s eyes over ten years after it was released (I previously read it...
Five Takeaways From Warren Buffett’s Annual Letter
Every year, Warren Buffett publishes an annual letter to investors, and many people look forward to what he has to say about the market. It’s that time of the year, and in this blog post, I’ll review the key points from this year’s letter. The letter comes as part...
Five Areas Where You Can Obtain Compound Interest
Albert Einstein called the power of compounding a miracle. To be more exact, he said: “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” The power of compounding is an expression for the effect when the...
How Much Money Do You Need to Start Investing in Stocks?
"How much money do I need before I can start investing in stocks?" It is a simple question with a simple and quite logical answer, but it pops up again and again. When the question comes up so often, there is a reason for it. It’s a mental barrier - not really a...
The Ten Most Important Things I Learned From Bob Proctor
Bob Proctor taught many people how to live their lives to the fullest, to be more and to earn more than they ever dreamed of being and earning before they met him. Bob, who was 88, was in the middle of a lot of projects when he died (it’s said he died peacefully in...
Five Steps to Get Prepared for a Market Crash
Shares are falling, and it’s making headlines. In the media, different experts predict an impending crash. Does that make you nervous? You don’t have to fear a meltdown in the stock market. You can actually prepare for it and use it to your advantage. Here are five...
Five Ways to Get Cash Flow to Pay the Bills With Shares
How do you make money so you can pay the bills? Most people go to work and give of their time, effort, and energy so they can collect a paycheck at the end of the month. Most people make money this way because they haven’t really thought of any other way. It’s what...
Five Tips to Stay Cool in a Nervous Market
To be a successful investor you have to avoid the natural human instinct to follow the herd. When the stock market goes down, your natural tendency is going to be to want to sell, and when the stock market is going up, your natural tendency is going to be to want to...
What’s the Difference Between Rich and Wealthy?
Rich or wealthy? Maybe you think these are two different words for the same thing, but they aren’t. You can almost hear it in the word. One is like a rush. It’s material. The other is more solid and has more of a psychological quality to it. So what exactly is the...
10 Steps to Setting Great New Year’s Resolutions
How did last year's New Year's resolution go. Maybe you just forgot about it as the champagne bottles were packed away and life resumed. What's going to make this year any different? How do you make your decision stick? No worries, I've got you covered. Here are ten...
How to Gift Shares for Christmas
Why not give shares for Christmas or birthday presents? They don't clutter or take up space, and it's the type of gift that keeps on giving. If you select shares in some good companies, they'll hopefully increase in value over time. But more importantly than that, you...
Five Strategies to Make This Winter the Best Thing That Happened to You
Last year at this time, there were no family gatherings during the holidays, no parties, no theater, no schools. I sat alone at home with my kids on Christmas Eve and New Year's Eve. At one point I thought: "I NEVER want to go through this again." What did I really...
