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Five Things You Need to Know: Look For No Good Reason, Be the Executioner, Never Think Mainstream, Pink n' Brown, The Boo Market


What the majority is doing is generally the wrong trade. Never think 'mainstream.'


Editor's Note: While we congregate in Vail for Minyans in The Mountains 3, we asked each Professor to prepare some thoughts on fiscal literacy, how to listen to the market and their area of expertise.

1) Always look for sectors and individual securities that are mis-priced for no good reason.

Execution in fixed income investing is key. With 26 years of experience, I have learned how to extract extra return with superior execution.

What the majority is doing is generally the wrong trade. Never think 'mainstream.'

We treat each client's assets as if they were our own assets.

In difficult markets, we strive to stay in front of clients, do not run and hide. Capital preservation is key and clients need to know that sometimes the return of your capital is worth more than taking extra risk in a bear market phase.

Random Thoughts

  • What is the deal with a money manager having to 'meet his bogey?' Doesn't everyone hate bogies and love birdies?

  • Is off sides in football like off sides in investing?

  • Don't you love the expression 'pain trade?'

  • Why would someone rush to buy a stock that is rising in price when they try to buy everything else in their life at the cheapest price possible?

  • Why did they choose red for stocks that are down and green for stocks that are up? Why not pink and brown?

  • Why do the call it a bear market? What about a 'Boo' market?
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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