Showing posts with label MAKING FRIENDS WITH A BEAR. Show all posts
Showing posts with label MAKING FRIENDS WITH A BEAR. Show all posts

Thursday 8 January 2009

MAKING FRIENDS WITH A BEAR

MAKING FRIENDS WITH A BEAR

When corrections come quickly, the question always arises: Is this a repeat of 1929? Will brokers be jumping out of windows? Is this the start of another Great Depression? Certainly Graham knew about such experiences.

Though he realized the 1929 stock market was on dangerously high ground, he’d chosen his investments carefully and hedged his accounts. Graham believed he’d protected his accounts, yet he’d failed to fully execute all his hedges and he’d overused margin. His accounts were badly damaged by the crash. Nevertheless, he hung in, rebuilt his portfolio, and soon afterward triggered a market recovery by telling the world that the time to resume buying had arrived.



THRIVING IN EVERY MARKET
Value Investing Made Easy (Janet Lowe):
  1. THRIVING IN EVERY MARKET
  2. MR. MARKET
  3. SUITABLE SECURITIES AT SUITABLE PRICES
  4. PAYING RESPECT TO THE MARKET
  5. TIMING VERSUS PRICING
  6. BELIEVING A BULL MARKET
  7. THE PAUSE AT THE TOP OF THE ROLLER COASTER
  8. MAKING FRIENDS WITH A BEAR
  9. BARGAINS AT THE BOTTOM
  10. SIGNS AT THE BOTTOM
  11. BUYING TIME
  12. IF YOU ABSOLUTELY MUST PLAY THE HORSES