Don'tMisjudgeRisk
ByNathanParmeleeAfewweeksago,whiledoingmymorningnewscruise,IstumbledacrossaninvestingadvicepieceinUSATodayaboutwhetherornotitwastimetosellMicrosoft(Nasdaq:MSFT).AsaMicrosoftshareholder,Iwasnaturallycurious,butwhenIcametothesectiononrisk,Iwasmystified.Usinghistoricalvolatilitytoassessfuturerisk
Thisarticlelookedatthegeometricmeanofreturnsbackto1986,andthestandarddeviationu...[阅读全文]
吴氏股票研究
股票研究,经济分析,共同基金管理,交易练习,投资理念,投资心理学
博文
(2006-02-22 19:22:52)
(2006-02-22 19:20:45)
HowtoDoubleYourMoney
ByStephenD.Simpson,CFADoublingyourmoney--a"two-bagger"ininvestinglingo--isapopularinvestingaspiration.Ifondlyremembermyfirstdouble,EMC,andI'malwayslookingtorepeattheexperience.Thenumberisseductive.Butthequestionremains:Howdoyougetadouble?Thekeyistobuysharesofcompanieswithabove-averagebusinesspotentialandthenholdthemforaslongaspossible--ideallyforever.Whenyoudothat,performa...[阅读全文]
ByStephenD.Simpson,CFADoublingyourmoney--a"two-bagger"ininvestinglingo--isapopularinvestingaspiration.Ifondlyremembermyfirstdouble,EMC,andI'malwayslookingtorepeattheexperience.Thenumberisseductive.Butthequestionremains:Howdoyougetadouble?Thekeyistobuysharesofcompanieswithabove-averagebusinesspotentialandthenholdthemforaslongaspossible--ideallyforever.Whenyoudothat,performa...[阅读全文]
(2006-02-22 19:16:42)
BiotechInvestingfortheLongHaul
Threewaystoseparatelong-termwinnersfromstocksthatfizzle.
byKarenAndersen|02-22-06|06:00AM|E-mailArticle|PrintArticle|Permissions/Reprints
Manybelieveittakesgutstoinvestinbiotechnology.Likeanycutting-edgeindustry,hugepotentialupsidemingleswithpotentialdisaster.SharesofIrishbiotechElanELNdropped70%inonedaylastyearafte...[阅读全文]
(2006-02-20 09:36:21)
Fourquestions
That'soutstandingperformance,butcanitcontinue?There'snowaytoknowforsure.Wecan,however,makeaneducatedguessusingafour-questiontestcalledasustainabilityanalysis:CanacompetitoreasilyduplicateAkamai'scompetitiveadvantage?No.Itssecretsauceisapatentedalgorithm,anditsglobalnetworkofserverswouldtakemonthstoimitatewell.Still,theopen-sourceBitTorrenttechnologyisn'ttobetakenlightly.
Cana...[阅读全文]
That'soutstandingperformance,butcanitcontinue?There'snowaytoknowforsure.Wecan,however,makeaneducatedguessusingafour-questiontestcalledasustainabilityanalysis:CanacompetitoreasilyduplicateAkamai'scompetitiveadvantage?No.Itssecretsauceisapatentedalgorithm,anditsglobalnetworkofserverswouldtakemonthstoimitatewell.Still,theopen-sourceBitTorrenttechnologyisn'ttobetakenlightly.
Cana...[阅读全文]
(2006-02-20 09:32:52)
The'SafeandCheap'Approach
Thefirststepinthesafeandcheapapproachistotheorizewhatyoucouldlose.Ifthereisn'tasafetynet--ahigh-qualityasset,inmostcases--tokeepthesharesfromgoingtozero,thenthereisabsolutelynoreasontowastetimehypothesizingabouttheupsidepotential.Thesafeandcheapinvestortendstofocusoncompaniesthatownrock-solidassets:Thebalancesheettakesprecedenceovertheincomestatement.Thesafetynetiskey...[阅读全文]
Thefirststepinthesafeandcheapapproachistotheorizewhatyoucouldlose.Ifthereisn'tasafetynet--ahigh-qualityasset,inmostcases--tokeepthesharesfromgoingtozero,thenthereisabsolutelynoreasontowastetimehypothesizingabouttheupsidepotential.Thesafeandcheapinvestortendstofocusoncompaniesthatownrock-solidassets:Thebalancesheettakesprecedenceovertheincomestatement.Thesafetynetiskey...[阅读全文]
(2006-02-19 11:41:24)
StockDoping
ByKarlThiel(TMFBreakerThiel)
February17,2006IwasinterestedtoreadtheotherdaythatU.S.skierZachLundwassuspendedfromtheOlympicgamesaftertestingpositiveforfinasteride(theactiveingredientintheMerckdrugPropecia).Isthissomenewperformance-enhancingchemical?Hardly--it'smeanttosloworreversehairloss,which,apartfromwhateverboostinconfidencetheusermightget,isnotexactlyanathleticedge.Infact,i...[阅读全文]
ByKarlThiel(TMFBreakerThiel)
February17,2006IwasinterestedtoreadtheotherdaythatU.S.skierZachLundwassuspendedfromtheOlympicgamesaftertestingpositiveforfinasteride(theactiveingredientintheMerckdrugPropecia).Isthissomenewperformance-enhancingchemical?Hardly--it'smeanttosloworreversehairloss,which,apartfromwhateverboostinconfidencetheusermightget,isnotexactlyanathleticedge.Infact,i...[阅读全文]
(2006-02-17 12:55:49)
TheBestofBothWorlds
ByChuckSaletta(TMFBigFrog)
February17,2006There'samajordebateintheworldoffinance.Isthemarketefficientorisn'tit?Arestocksalwaysaccuratelypricedfortheirrisksoraren'tthey?Canthemarketbebeat?Thetruthis,ifyouplayyourcardsright,itdoesn'treallymatter.Eventhemostdie-hardadherentstothe"efficientmarkethypothesis"--thefolkswhobelievethemarketalwaysreflectswhatisknownaboutacompany'...[阅读全文]
ByChuckSaletta(TMFBigFrog)
February17,2006There'samajordebateintheworldoffinance.Isthemarketefficientorisn'tit?Arestocksalwaysaccuratelypricedfortheirrisksoraren'tthey?Canthemarketbebeat?Thetruthis,ifyouplayyourcardsright,itdoesn'treallymatter.Eventhemostdie-hardadherentstothe"efficientmarkethypothesis"--thefolkswhobelievethemarketalwaysreflectswhatisknownaboutacompany'...[阅读全文]
(2006-02-17 11:17:43)
PressReleaseSource:IGT
IGTInstallsServerBasedGamingatBarona
MondayJanuary9,5:33pmET
LASVEGAS,Jan.9/PRNewswire-FirstCall/--TheBaronaValleyRanchResortandCasinoinSanDiego,California,went"live"justbeforeChristmaswiththefirstIGT(NYSE:IGT-News)serverbasedgamingsystemandmachineseverinstalled.
IGT'sserverbasedgaming(sb(TM))productsnowinoperationatBaronaincludethesb(TM)system,20GameKin...[阅读全文]
IGTInstallsServerBasedGamingatBarona
MondayJanuary9,5:33pmET
LASVEGAS,Jan.9/PRNewswire-FirstCall/--TheBaronaValleyRanchResortandCasinoinSanDiego,California,went"live"justbeforeChristmaswiththefirstIGT(NYSE:IGT-News)serverbasedgamingsystemandmachineseverinstalled.
IGT'sserverbasedgaming(sb(TM))productsnowinoperationatBaronaincludethesb(TM)system,20GameKin...[阅读全文]
(2006-02-17 11:11:50)
MotleyFool
VegasontheMississippi
ThursdayJanuary12,10:58amET
ByJeffHwang
Tunica,Miss.,representsoneofthegamingindustry'sgreatsuccessstories.Backin1990,TunicaCountywasthenation'ssecond-poorestcountyaccordingtothecensus,andhadMississippi'shighestunemploymentrate.Butsincethefirstcasinoopenedinthemarketin1992--thenow-defunctSplash--Tunicahasbeentransformedintothethird-largestgamingdest...[阅读全文]
VegasontheMississippi
ThursdayJanuary12,10:58amET
ByJeffHwang
Tunica,Miss.,representsoneofthegamingindustry'sgreatsuccessstories.Backin1990,TunicaCountywasthenation'ssecond-poorestcountyaccordingtothecensus,andhadMississippi'shighestunemploymentrate.Butsincethefirstcasinoopenedinthemarketin1992--thenow-defunctSplash--Tunicahasbeentransformedintothethird-largestgamingdest...[阅读全文]
(2006-02-17 11:00:57)
NVESTING
GamingRoundup:WMS'sTurnaroundContinuesByJeffHwang
February3,2006Earningsseasoncontinues.FollowingMotleyFoolHiddenGemsselectionAmeristarCasinos'(Nasdaq:ASCA)mixedbaglastweekandasolidreportfromInternationalGameTechnology(NYSE:IGT)theweekbefore,thisweekwehadIGT'ssmallerrivalWMSIndustries(NYSE:WMS),aswellasLasVegaslocalsoperatorStationCasinos(NYSE:STN).Bothcompaniescontinuetoimpress.W...[阅读全文]
