Distilling the complex down to the essentials
From the Desk of Don Yocham: |
| | | | | | | | | | | | | Simple and TrueAny investment decision boils down to answering the question “how much at what price?”
And over the course of a nearly 30-year career in finance I’ve encountered a lot of ways for coming up with an answer.
Across macro, fundamental, statistical, technical I bet I’ve considered hundreds of techniques.
Some required graduate-level study to acquire. Others I learned through the challenge of working alongside investment professionals at the highest levels of finance. A handful proved inscrutable gobbledygook. And a surprisingly large number took nothing more than hard work and repetition to master.
Now, I would never trust most of these methods, models, processes, or whatever you want to call them on their own. To get comfortable with a decision requires referencing other methods as well. And, at least for me, the more steps I’m forced to take in a decision, the less confident I become in making it.
But that’s not true of them all. Across all the methods I’ve seen, two are so self-contained that I can make decisions based solely on their results.
As far as frameworks go, they stand on their own two feet.
And they can because they plant those feet firmly on assumptions I have come to believe as both simple and true… | | | | | |
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PS> Click here to join me & other like-minded folks on our private Prosperity Pub community channel. It's completely free and you'll get my exclusive market insights as well as a chance to ask me questions directly.
If you need a hand installing Telegram, we put this handy guide together for you. |
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Simple and True Any investment decision boils down to answering the question “how much at what price?” And over the course of a nearly 30-year career in finance I’ve encountered a lot of ways for coming up with an answer. Across macro, fundamental, statistical, technical I bet I’ve considered hundreds of techniques. Some required graduate-level study to acquire. Others I learned through the challenge of working alongside investment professionals at the highest levels of finance. A handful proved inscrutable gobbledygook. And a surprisingly large number took nothing more than hard work and repetition to master. Now, I would never trust most of these methods, models, processes, or whatever you want to call them on their own. To get comfortable with a decision requires referencing other methods as well. And, at least for me, the more steps I’m forced to take in a decision, the less confident I become in making it. But that’s not true of them all. Across all the methods I’ve seen, two are so self-contained that I can make decisions based solely on their results. As far as frameworks go, they stand on their own two feet. And they can because they plant those feet firmly on assumptions I have come to believe as both simple and true… PS> Click here to join me & other like-minded folks on our private Prosperity Pub community channel. It's completely free and you'll get my exclusive market insights as well as a chance to ask me questions directly.
If you need a hand installing Telegram, we put this handy guide together for you. |
Disclaimer & Disclosures
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