THERE IS A SOCIAL ASPECT TO INVESTMENT CLUBS THAT CAN PROVE DETRIMENTAL. MEMBERS MAY FEEL UNITED AS A TEAM AGAINST A COMMON FOE - THE MARKET. THIS CAN LEAD TO OVER-CONFIDENCE, ILLUSIONS OF CONTROL AND DECISIONS THAT REFLECT A FOLLOW THE THE HERD MENTALITY.
Most precious things in life must be earned.
Brandt met and learnt from Graham.
The further out the prediction the more likely it is to be wrong.
As our appetites for information and expectations have increased, our ability to wait and anticipate have decreased. People pay for convenience.
Optimism is a desirable personal trait in everyday life, but not in investing.
The value strategy clearly does better when markets fall.
Comprehension paves the way for in-depth analysis of investment opportunities and proper monitoring of existing holdings.
For investment ideas you could study the portfolios of investors you admire.