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
(2006-02-09 14:43:27)
5RulesforDoublingUpByNathanParmelee(TMFDoraemon)Holdingmorethan20companiesdoesprovidediversification,butnotmuchmorethanamoreBuffett-and-Munger-typefocusedportfolioof10to15.Anunderstandingofthebusinessanditsunderlyingfundamentals.Thisisthesimplestofalltherequirements,butonethatinvestorsoftenoverlook.ItgoesdeeperthanknowingthatProcter&Gamble(NYSE:PG)sellsshampoo.It'saboutunderstandingthecompany'...[阅读全文]
(2006-02-09 14:37:02)
DreadfulStockstoAvoidByRichardGibbons
WarrenBuffett'sfirstruleofinvestingis"Neverlosemoney."Tothis,heoftenaddsruleNo.2:"NeverforgetruleNo.1."Ofcourse,followingtheserulesiseasiersaidthandone.ButBuffett'sdoneprettywellforhimself,soitseemsunwisetosimplydismisshisadviceasthesemi-coherentramblingsofamanwho'sreadwaytoomany10-Ks.
Itakethoserulestoheartinmyinvestmentstrategy.Itrytofocusmyinvestmen...[阅读全文]
WarrenBuffett'sfirstruleofinvestingis"Neverlosemoney."Tothis,heoftenaddsruleNo.2:"NeverforgetruleNo.1."Ofcourse,followingtheserulesiseasiersaidthandone.ButBuffett'sdoneprettywellforhimself,soitseemsunwisetosimplydismisshisadviceasthesemi-coherentramblingsofamanwho'sreadwaytoomany10-Ks.
Itakethoserulestoheartinmyinvestmentstrategy.Itrytofocusmyinvestmen...[阅读全文]
(2006-02-09 14:26:49)
Last-MinuteGiftIdeasforInvestmentBookwormsThesebooksaregreatstocking-stuffersforinvestorsyoungandold.byPatDorsey,CFA|12-19-05|06:00AM|E-mailArticle|PrintArticle|Permissions/ReprintsYoucan'tbeagoodinvestorwithoutreadingalot.Buyingstocksthatoutperformthemarketisanintensivelycompetitiveendeavor,andyou'rehandicappingyourselfunnecessarilybynotarmingyourselfwithinsightfromtheinvestmentliterature.Unfortu...[阅读全文]
(2006-02-09 14:15:53)
MakingTax-SmartTradesMaximizereturnsbyaccountingforUncleSam.byPaulLarson|01-18-06|06:00AM|E-mailArticle|PrintArticle|Permissions/ReprintsThesadtruthoftheinvestingworldisthatUncleSamcanputquiteadragonyourinvestingreturns.Nothingiscertainbutdeathandtaxes,asBenFranklinsaid.Butbybeingawareofthetaxrulesandtakingafewsimplesteps,youcanminimizetaxesandenhancereturns.Thefirstthingyoushoulddoisconsidermaxim...[阅读全文]
(2006-02-09 14:14:43)
DoSomethingByTimBeyersIhaveaproblem.MuchasIlovestocks,Idon'toftenbuythem.Sometimesthat'seventruewhenI'mreallysureofthethesis.Witness:TaiwanSemiconductor(NYSE:TSM),whichpoppedupontwoofthescreensIrevealedhereatFool.comduring2004.Firsttherewasthisattempttofindcheap,unlovedlargecaps.Andthenthisscreen,whichwascreatedwiththehelpofIt'sEarningsThatCountauthorHewittHeiserman,Jr.NeithertimedidIbuy.Igaveupat...[阅读全文]
(2006-02-08 22:55:38)
70TimesBetterThantheNextMicrosoftByBillBarker(TMFLazarus)Irecentlyfoundthischartfromtheever-helpfulmoneychimp.com:ValueGrowthLargeCap12.4%9.6%SmallCap15.4%9.3%Thosearehistoricalreturnsfrom1927to2004(notadjustedforinflation).Theterms"value"and"growth"aretakenfromdatafromFamaandFrench,whoseworkishighlyrespected.That'sapersuasivecaseforputtingsmall-capvaluestockstoworkinyourportfolio.(We'llgettojusth...[阅读全文]
(2006-02-08 22:54:53)
7,000Funds,SoLittleTimeByShannonZimmermanAdvisor,MotleyFoolChampionFundsTheInvestmentCompanyInstitute,thefundindustry'sresearchandlobbyingarm,reportsthatapproximately7,100stockandbondfundsarecurrentlyvyingforyourhard-earnedinvestmentdollars.Thevastmajorityofthesearemarket-laggingduds,fundsthatmakeyoupayforthe"privilege"oflong-termunderperformance.Therearediamondsamongthedross,however,andI'vespentm...[阅读全文]
(2006-02-08 22:37:36)
5LessonsFromMomandDadByHopeNelson-Pope(TMFLucky11)Itwasboundtohappen:Myownmotherandfatherarecontemplatingfull-timeretirement.Byallaccountsthey'rebothexcitedandanxiousaboutwhattheyseeintheircrystalball.Whenmyfathersaysgoodbyetohisclassroomandofficeforthelasttime(after30yearswithhisschooldistrict),he'lljoinmymother,whoretiredfrombankingseveralyearsago.Thetwoofthemwillbegintheirnextadventuresinstylen...[阅读全文]
(2006-02-08 22:35:42)
TheLifetimeInvestmentStrategyByMathewEmmertAdvisor,MotleyFoolIncomeInvestorOvertheyears,I'vebeenaskedthesamequestion:HowdoIbuildaflexibleportfoliothatwillcontinuetomeetmylong-termneeds?Afterarecentvisitwithalargegroupofinvestors,Ibelieveit'smoreimportantthanevertosayso.Thoughadividend-orientedstrategywouldseemlikeaneasyselltomanyofyou,that'snotnecessarilythecasewiththeaverageinvestor,youngorold.Ab...[阅读全文]
(2006-02-08 22:32:19)
FinancialPettyThieveryByTimHanson(TMFMmbop)Feesarethebaneofinvestors.Themoreyoupayupfront,thelessyoumakedowntheline.Butfeesarealsoafactoflife.Whetheryouinvestinmutualfundsorequities,someonesomewherewho'snotyouisgettingacut.Thekeyistominimizefeeswithoutaffectingperformance.Andwhenyoukeepfeesdown,you'llbesurprisedhowmuchyourlong-termperformancecanimprove.KnowyourfeesWhenlookingformutualfunds,therear...[阅读全文]
