Saturday, May 29, 2010


Rule # 1
If it doesn't make sense or you don't understand it, don't to it.

Rule #2
Don't forget Rule # 1

Rule #3
The Riskless Rate of return is the 3 month T-Bill. Every thing else is a risk return tradeoff.

The Riskless rate of return and variations thereof

Therin lies the Problem...misjudging Risk...mispricing Value

Saturday, May 15, 2010

If you don't understand what you are investing for....

How can you posibly know wht to invest in...Unity of Purpose the first Rule