“It takes remarkable patience to hold on to a stock in a company that excites you, but which everybody else seems to ignore. You begin to think everybody else is right and you are wrong. But where the fundamentals are promising, patience is often rewarded—Lukens stock went up sixfold in the fifteenth year, American Greetings was a sixbagger in six years, Angelica a sevenbagger in four, Brunswick a sixbagger in five, and SmithKline a threebagger in two.”
― One Up On Wall Street: How To Use What You Already Know To Make Money In
― One Up On Wall Street: How To Use What You Already Know To Make Money In
“If you can follow only one bit of data, follow the earnings—assuming the company in question has earnings. As you’ll see in this text, I subscribe to the crusty notion that sooner or later earnings make or break an investment in equities. What the stock price does today, tomorrow, or next week is only a distraction.”
― One Up On Wall Street: How To Use What You Already Know To Make Money In
― One Up On Wall Street: How To Use What You Already Know To Make Money In
“In college, except for the obligatory courses, I avoided science, math, and accounting—all the normal preparations for business. I was on the arts side of school, and along with the usual history, psychology, and political science, I also studied metaphysics, epistemology, logic, religion, and the philosophy of the ancient Greeks. As I look back on it now, it’s obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics. Investing in stocks is an art, not a science, and people who’ve been trained to rigidly quantify everything have a big disadvantage”
― One Up On Wall Street: How To Use What You Already Know To Make Money In
― One Up On Wall Street: How To Use What You Already Know To Make Money In
“Remember, things are never clear until it’s too late.”
― One Up On Wall Street: How To Use What You Already Know To Make Money In
― One Up On Wall Street: How To Use What You Already Know To Make Money In
Vusal’s 2024 Year in Books
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