Three Questions Worth Asking Before You Buy
Whether you are thinking about buying a house, a used car, or stock in a company, the same principle applies: you can turn a good product into a bad investment if you pay too much for it. That discipline matters most when excitement is high and details are easy to overlook — which is what tends to happen with an Initial Public Offering (IPO) of a private company going public. If you have followed financial news recently, you have heard about the SpaceX IPO. The numbers are staggering: a target valuation of approximately $1.75 trillion,[1] a planned capital raise of [...]
Thoughts On: The Yo-Yo Problem with Investing
The job of a professional money manager is to make people money. As difficult as that is, the job of the client service manager can be even harder. Client Service has to make people happy. I used to think that if we made people money, then they would be happy. I have learned we have to help people be happy long enough for us to make them money. Out of necessity, I have formulated some ideas about helping people be happy about their investments. The most critical (and some might think the most obvious) lesson I have learned is that [...]