Redefining Risk

Posted on: August 11th, 2015 by David Atwood No Comments

Reading time: Long Link: Common sense investors are challenged to make sense of what is taught in business schools throughout North America as regards to Modern Portfolio Theory, particularly the use of standard deviation, beta, and the Sharpe Ratio for the measurement of risk. Regulators rely on measurements like these to categorize investments and […]

Charlie Munger – A Practical Thought

Posted on: April 6th, 2011 by David Atwood No Comments

“If, in your thinking, you rely entirely on others, often through purchase of professional advice, whenever outside a small territory of your own, you will suffer much calamity.”Charlie Munger, “Damn Right”, Appendix D – Practical Thought about Practical Thought?Estimated reading time, 3 minutes, 45 secondsQuotation Continued“And it is not just difficulties in complex coordination that […]

The “Helpers” Meet the Gotrocks Family

Posted on: August 3rd, 2010 by David Atwood No Comments

Link: Warren Buffett – Berkshire Hathaway Inc. – “How to Minimize Investment Returns”This is the story of the Gotrocks family as told by the Master of investing, Warren Buffett, and it ought to be considered a must read for anyone considering the use of capital markets as part of their wealth management strategy. Out of […]

The Super Investors of Graham and Doddsville

Posted on: April 12th, 2010 by David Atwood No Comments

Link: Warren Buffett – The Super Investors of Graham and DoddsvilleThis article was written by Warren Buffett based on a speech given May 17, 1984 to the Columbia Business School. Buffett was 54 years old at the time. The great bull market run of 1982-1999 had only just started and many were feeling the effects […]

Intelligent Investor

Posted on: January 25th, 2009 by David Atwood No Comments

The Intelligent Investor section of the Owners Manual is a salute and shameless imitation of concepts introduced by Ben Graham, Buffett’s mentor, and by Buffett through the annual reports of Berkshire Hathaway. The idea is to equip investors with indispensible information that is essential to understanding investing. Included in this section are some of the […]