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Zitat
(Warren Buffet)
Die meisten Leute interessieren sich für Aktien, wenn alle anderen es tun. Die beste Zeit ist aber,
wenn sich niemand für Aktien interessiert.
Warren Buffet (Quote)
KISS = Keep it short and simple (stupid), or "he would put it in other words":
Those who won't go with the time will go with the time
In July 1998 (one month before Warren Buffet turned 68 years; easy to calculate: He was born in 1930 :-) Warren could have gone into pension...I am not sure, if it was really senseful of him or helpful to stay in the investing field...
...after having earned plenty of billions throughout a lifetime-career in the investment - business. Especially after having enjoyed the goldilocks decades of 1980 and 1990 (unfortunately my / Ralph Gollner / first steps in the stock-market appeared in March 2000...).
Well, indeed, in the period ...
Warren Buffet on low-cost Index funds
Quotes from Berkshires shareholder letters
Quotes from Berkshires shareholder letters
Quotes from Berkshires shareholder letters
Quotes from Berkshires shareholder letters
“Individuals who cannot master their emotions are ill-suited to profit
from the investment process.”
Quote by Benjamin Graham (Father of Value Investing and Warren Buffett's teacher at Columbia Business School)
A study by Dalbar underscores the importance of controlling emotions and avoiding self-destructive investor behavior. From 1992–2011, the average stock fund returned 8.2% annually while the average stock fund investor earned only 3.5%. We call the gap between these results the “investor behavior penalty.” Why have investors historically sacrificed more than half their potential ...
Quotes from Berkshires shareholder letters
Quotes from Berkshires shareholder letters
Quotes from Berkshires shareholder letters
Related Articles
Please click on any icon where you wish to communicate with me:
Aug. and Sep. are always good months to be on holiday...
not only because of the weather, but also because there are several factors, which suggest that the 3rd quarter of the year is the perfect time for European tourists to fly around the world and for investors to partly hedge ones ...
Der Wanderprediger in Sachen Börse und sein langjähriger Partner Gottfried Heller
Gottfried Heller war jahrzehntelanger Partner und Freund von André Kostolany, mit dem er auch die Investmentfirma Fiduka gründete.
Viele Kommentare von A. Kostolany waren einfache Aussprüche, die das Wesentliche ...
Live-Seminar am 27. Nov. 2015 in Wien
EINLADUNG/GRATIS-Anmeldung inkl.:
https://www.facebook.com/groups/1408093186152381/
Split Vormittagsteil & Nachmittagsteil:
1. Teil (Längere Einleitung/interessante Details)
2. Teil (Die wichtigsten Infos/AUCH für die dann später ...
It's all about LEARNING BY DOING!
Merry Xmas (Dec. 2015)
Lots of presents and fun with your family & friends!!
André Kostolany
Good Friday
The New York Stock Exchange, the biggest stock market in the world, is closed for business. Bond and other securities markets are somewhat more decentralized, but the Securities Industry and Financial Markets Association (SIFMA) also calls off today.
Finally, the Chicago ...
Happy Easter
The market lost 22.6% in a single day of trading
GOTCHA!
Happy April Fool's Day!
Financial Education Offensive (Österreich)
Nationale Strategie zu finanzieller Bildung erforderlich; Aktienforum-Präsident Ottel: Potenzial und Brainpower in Österreich enorm - Finanzbildung samt notwendigen Vermittlungsmethoden findet aber nicht statt, wäre aber dringend notwendig.
Ein ...
Ken Fisher (quote)
Enjoy your Saturday!
Prior to 1928, the stock market was open on Saturdays, but not Sundays. The Sunday closings were out of religious respect, and the fact that in those days most Americans lived on farms, and had to give their horses a day of rest or they would die...
During 1928 & 1929, as ...
(Warren Buffet's financial partner)
Tips on the decision-making process; In 2015 T. Griffin homed in on the ideas of Charlie Munger, longtime investor and vice chairman of Berkshire Hathaway Inc.; a book by Mr. Griffin, “Charlie Munger: The Complete Investor”.
Vacation (30/06/2016 - 08/07/2016)
I´m going on holiday! Will be back in July, cheers Ralph
André Kostolany - Zitate
André Kostolany war ein "Börsenlehrer", der von der Praxis zur Theorie kam. In Wien begann Kostolany Philosophie und Kunstgeschichte zu studieren, sowie einige Semester Volkswirtschaft,...
...wurde aber Mitte der 1920er-Jahre von seinen Eltern zu einem Pariser ...
Merksatz (J.W. Goethe)
Johann Wolfgang von Goethe war der berühmteste deutsche Dichter und einer der bekanntesten Dichter der Welt. Er wurde 1749 in Frankfurt am Main geboren und wuchs in wohlhabenden Verhältnissen auf. Weiters war er auch Naturwissenschaftler und Staatsmann.
Bildquelle: ...
Vacation (28/09/2016 - 13/10/2016)
I´m going on holiday! Will be back by Mid-October, cheers Ralph
! Merry Christmas !
Just the truth or a "bad" joke ?
"Overall in Europe, four out of five active equity funds failed to beat their benchmark over the past five years, rising to 86 per cent over the past decade, according to S&P’s analysis of the performance after fees of 25,000 active funds." (March 2016)
If ...
a small "problem"...
Bad strategy...
The Risk-Return tradeoff
...is the principle that potential return rises with an increase in risk. Low levels of uncertainty or risk are associated with low potential returns, whereas high levels of uncertainty or risk are associated with high potential returns.
According to the ...
Cinema tonight!
Enjoy your free friday-eve :-)
6 Key Value Propositions A Good Financial "Partner" Can Provide For Clients
Seeking A Better "Return On Life"
in short:
♦ You need to bring order to your financial life!
♦ Prioritise your goals, regularly review your progress toward achievement.
♦ Try to avoid emotionally driven decisions ...
Money (alone) can't buy you happiness!
Carl Barks' genius is not only about his wonderful art. Carl Barks was an excellent storyteller who used his stories to not only tell jokes and send these characters on great adventures. He also told us about how they were as people and...
...used them ...
Super Investor, Seth Klarman, on Lessons Learned from Buffett
Seth Klarman has a legendary hedge fund that you may know (?), the Baupost Group. His returns in that fund have been Buffett-like.
Seth Klarman is a value investor... His insights are treasured, and the only book he wrote sells ...
HAPPY EASTER
(RM-Reminder ;-)
Walter Schloss (quote)
Walter Schloss is not nearly as well known as other investors such as Warren Buffett but Schloss has gained a reputation as one of the best value investors ever. Like Buffett, Schloss was a direct student of Benjamin Graham, and is one of the "Super Investors"...
...
I am off (to Budapest) on Saturday
Enjoy your free day !
Ray Dalio
"It is far more common for people to allow ego to stand in the way of learning."
Holiday until 6th June 2017
...enjoy your BLOGGING-FREE Time - I will be on Holiday (New York, Florida). Financial Education is still ALWAYS possible. Please look up the archive here on this Website. I always recommend: BEHAVIORAL FINANCE. Financial Markets involve PSYCHOLOGY ;-)
cheers, Ralph
André (Bartholomew) Kostolany
(* 9. Februar 1906 in Budapest als Endre Kosztolányi, Österreich-Ungarn)
...war ein Börsen- und Finanzexperte. Kostolanys Philosophie ist von einer profunden Abneigung gegen die klassische Volks- und Betriebswirtschaftslehre gekennzeichnet. Damit meinte André ...
Joel Greenblatt
Joel Greenblatt ist Gründer und Portfoliomanager von Gotham Capital sowie Dozent an der Columbia Business School.
"All we need is just a little patience"
...
Davon kann jeder erfolgreicher Langfristanleger ein Lied singen!
TIME TO RELAX
> and ignore the stock market :-)
...wishing you a happy Weekend !
Greenhorn-Advice (Warren Buffet)
Investing: Economics & Psychology...
What is "INVESTING" ?
Morgan Housel is a partner at Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal; He says: Investing is about probabilities, and almost all probabilities are less than 100%. So you're going to be wrong and lose...
2016 - ein hartes Börsenjahr (ex-post)
John Bennett, Leiter des europäischen Aktienteams von Henderson Global Investors antwortet auf die Frage: "Welche Erkenntnisse haben Sie aus den Entwicklungen im Jahr 2016 gewonnen?" Antwort: "Eine Erkenntnis ist, dass man als Anleger...
...an den ...
Have a vision, have a goal!
I follow my passion!
Investing in yourself is one of the best return on investments you can have. Whether it's investing in learning a new skill, developing yourself personally or professionally or tapping into your creativity, you need to...
...give to yourself ...
Warren Buffet
(Zitat)
"Nimm eine Jahresbilanz nicht zu ernst. Schau lieber, was
über einen Zeitraum von vier bis fünf Jahren geschieht."
Viele an der Börse lassen sich quartalsweise von der "Earnings Season" in Aufregung versetzen, in der Unternehmen ihre Geschäftsergebnisse bekannt geben. ...
He could be right...
?!
Holiday until 23rd August 2017
Last time in Italy (Cinque terre):
You can read it - anytime/anywhere
FINANCIAL NEWS
(@ Karlie: Could you do such a video for my site ?? pleeeaase ; -)
here she goes: www.youtube.com/watch?v=CDllbGKVFcc
Wall Street Journal on a Saturday...
TGIS = Thank got it's Saturday - so we can just relax and read our Wall Street Journal just for fun...and not for business reasons (only). Enjoy your Weekend :-)
George Lucas and Risk
In 2012, Lucas sold Lucasfilm to The Walt Disney Company for a reported sum of USD 4.05 billion. It was widely reported at the time that Lucas intends to give the majority of the proceeds from the sale to charity...
A spokesperson for Lucasfilm said, "George Lucas has ...
Walt Disney
(Stay Hungry !)
btw.:
Disclaimer/Disclosure: Ralph Gollner hereby discloses that he directly owns securities of Walt Disney Co (DIS), as per 11th October 2017.
Disclaimer/Hinweis nach §34 WPHG zur Begründung möglicher Interessenkonflikte: Aktien von Walt Disney Co (DIS) ...
Peter Lynch
Holiday until 15th November 2017
India (Mumbai & Co.)
No postings until then - enjoy your "free time" :-)
Take care !
Ralph Gollner
Mister Market
It's foolish to think that all stock price declines are merely the result of the market being fearful. Often, a decline in share price can be warranted. But remember, in the short-run the stock market is a a voting machine; in the long-run the stock market is a weighing...
...
Trust ist the "new" currency
Everybody is speaking nowadays about Fiat Money and/versus Virtual Currencies, etc....
BUT in the end it's all "just" about TRUST.
Invest in yourself (what else?)
I don't know what George Clooney would say, BUT:
nice input from:
Ben Graham
wise words - time should take care of the rest...
...food, drinks, etc.
You really (!) have to learn the rules of the game
If you try hard you will thrive and understand. And once you understand the rules then you (just) have to play better than anyone else. To get better over time: You may need to have "Skin in the game". You will always be...
...learning. You ...
Zitat
An der Börse sind 2 mal 2 niemals 4, sondern 5 minus 1.
Man muß nur die Nerven und ("etwas" Klein-) Geld haben, das minus 1 auszuhalten.
André Kostolany
ungarisch-amerikanischer Finanzexperte (1906 - 1999)
Merry Christmas
(Chart: Dow Jones vom Sommer 2016 bis Nov. 2017)
Faszinierend, mit welch konstantem "Karacho" der Dow Jones seit Sommer 2016 emport ansteigt. Ich wünsche Ihnen, Ihren Angehörigen und Freunden ein gesegnetes Weihnachtsfest!
Billdquelle: www.boerse.de
Zur Info: Der Letztstand ...
Charlie Munger
...is Warren Buffett's business partner and vice-chairman of Berkshire Hathaway. Berkshire Hathaway is one of the world's most well-regarded corporations and owns a diversified portfolio of high-quality dividend stocks.
Munger managed his own investment partnership before ...
"Reminder" (Ben Graham)
"If the share price advances, it is because most investors expect earnings to grow."
Happy New Year (31st Dec. 2017)
Wishing you all the best for the upcoming year 2018!
Frohes Neues Jahr und Beste Gesundheit wünsche ich!
LG Ralph Gollner
Picture / source: www.fool.ca/2017/12/29/2-resolutions-investors-should-make
mfG
Mag. Ralph Gollner
Gier
(Textauszug aus: "Die Unstillbare Gier" von Jim Steinman)
[...] Doch die wahre Macht,
die uns regiert,
ist die schändliche, unendliche,
zerstörende
und ewig unstillbare Gier.
[...]
G R E AT
(just gr8)
Enjoy your weekend
says
Ralph
Take shots...
...if you wanna score.
The "Do-Nothing" approach...
Warren Buffet sagt:
"Erfolgreiches Investieren benötigt Zeit, Disziplin und Geduld. Unabhängig davon, wie groß Dein Talent oder Deine
Anstrengungen sind, einige Dinge brauchen einfach Zeit: Man kann kein Kind in einem Monat bekommen, indem man 9 Frauen schwängert."
William Glasser
The ultimate use of power is to empower others!
What history can teach us (Warren Buffet)
"What we learn from history is that people don't learn from history."
quote by Warren Buffet
link: www.thebalance.com/warren-buffett-quotes
MEET BENJAMIN GRAHAM'S MR. MARKET
May I introduce you to Mr. Market. But NOW (here) with his full name: Mr. BULL Market :-)
Mr. Market is a parable that Ben Graham used in his teachings and that's found it's way into the heart of value investing. Mr. Market helps us remember...
... the ...
Hedy Lamarr
Fascinating lady, born on the 9th November 1914 in Vienna, Austria
link / Bildersammlung: www.google.at/search?q=hedy+lamarr
Warren Buffet (Zitat)
"Die meisten Leute interessieren sich für Aktien, wenn alle anderen es tun. Die beste Zeit ist aber, wenn sich niemand für Aktien interessiert."
On what to watch in the stock market
(Quote: Ralph Wanger)
"[There's] an excitable dog on a very long leash in New York City, darting randomly in every direction. The dog's owner is walking from Columbus Circle, through Central Park, to the Metropolitan Museum. At any one moment, there is no ...
REMINDER
Time In The Market Beats Market Timing
...at least this is valid for the big majority of everyday-investors.
Angst und HOFFNUNG
Angst, dies ist das Bild, das Europa im Jahr 2012 abgibt (Jedoch auch in einigen der Folgejahre). Wir sollten -dennoch- in 3 Wochen (9. Mai 2018) Europa feiern, nicht allein für das, was es uns gebracht hat, sondern für das, was es uns verspricht. Doch Europa ist nur...
...
"Erfolg (an der Börse) hat viel mit Inaktivität zu tun. Die meisten Anleger
können der Versuchung nicht widerstehen, ständig zu kaufen und zu verkaufen."
Passivität ist für Warren Buffet ein Schlüsssel zum Erfolg: Hat er sich für ein Unternehmen entschieden, gibt der diesem viel Zeit. Er ...
Hi folks!
I will be out of Action until Monday, 21st May 2018.
HOLIDAY is calling :-)
Seth Klarman
...is a value investor and Portfolio Manager of the investment partnership "The Baupost Group". Founded in 1983, The Baupost Group now manages several billions, and has averaged high returns since...
..its inception. Seth Klarman is the author of the book "Margin of Safety" ...
Chinese Proverb
Well, in my words: The best time to start investing was years ago. The second best time is now... (?)
My other "two bits": It's never too late to start learning about new things.
Just a kind reminder:
The Stock Market is not a Casino!
one might forget this from time to time...
You can't be paralyzed by fear or failure or you will never push yourself.
You keep pushing yourself because you believe in your vision and you know it is the right thing to do.
No pain, no gain.
Heute kein richtiges Posting >>>
WEIL:
Wünsche dennoch eine (kühle?) gute Nacht!
Andy Warhol
J. M. Keynes (Börsenzitat)
John Maynard Keynes war neben dem bedeutendsten Ökonomen des 20. Jahrhundert auch Börsianer. Hier eines seiner Zitate:
"Um die Zukunft der Aktie einzuschätzen, müssen wir die Nerven, Hysterien,
ja sogar die Verdauung und Wetterfühligkeit jener Personen beachten,
von ...
VIVE LA FRANCE
JEAN-MARIE EVEILLARD
Jean-Marie Eveillard zählt zu den erfolgreichsten Fondsmanagern, die einen ValueAnsatz verfolgen. Jean-Marie Eveillard kam 1940 in Paris zur Welt. Nach dem Studium arbeitete er ab 1962 zunächst für die Société Générale. Im Jahr 1968 übersiedelte er dann nach ...
Honeymoon (is calling)
Next Posting will follow in ca. 1 week again (11th Sep. 2018 onwards). Have a great week!
Cheers Ralph
Sunday :-)
Cheers Ralph
Seth Klarman and Goldman Sachs (versus GS)
He went on doing his own thing...
Seth Klarman is a value investor and Portfolio Manager of the investment partnership The Baupost Group. Founded in 1983, The Baupost Group now manages serval billion US-Dollars, and has delivered...
Seth Klarman Total ...
Billionaire hedge fund manager David Einhorn posted his worst year ever
since founding Greenlight Capital in 1996
After seeing returns sink 9% in December 2018, the New York-based firm’s main fund ended 2018 with a 34% loss, vastly underperforming the S&P 500's 7% loss. His strategies...
...
Discipline & Patience,
what else?
He might be right...
All we need is just a little patience...
Freu, Ich habe eine Seite aus "meinem" Luxemburg gefunden:
HOLIDAY
Greetings from DUBAI.
They are building here like crazy!!
Implementing Intergenerational Investing
You can't force your children and grandchildren to invest the way you'd wish (unless if a complex trust is involved, perhaps). But you can make sure they understand the concepts of:
♦ Compounding...
♦ Long-term investing; meaning:
>> Having a ...
Pensionsvergleiche Frauen und Männer
Durchschnittliche monatliche Pension in Österreich (2017)
Noch immer gibt es deutliche Unterschiede. Egal, ob es um gleiche Chancen am Arbeitsmarkt, gerechte Bezahlung, ausreichende Pensionen oder alllgemein um die finanzielle Situation...
...geht. Nach ...
John Maynard Keynes
(Zitat)
"Um die Zukunft der Aktie einzuschätzen, müssen wir die Nerven, Hysterien, ja sogar die Verdauung und Wetterfühligkeit jener Personen beachten, von deren Handlungen diese Geldanlage weitgehend abhängt."
Ein Reminder (siehe bereits Posting # 1.128)
A Random Walk Down Wall Street
"The harsh truth is that the most important driver in the growth of your assets is how much you save, and saving requires discipline. Without a regular savings program, it doesn´t matter if you make 5 percent, 10 %, or even + 15 % on your investment funds. The ...
Nobody is perfect
"Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong."
Quote by Peter Lynch
Financial Education
"wherever, whenever"
Financial Times
Elle MacPherson
Photo made by: Ellen von Unwerth (deutsch, geb. 1954)
ist eine Fotografin, die ursprünglich als Top-Model arbeitete. Sie wurde in Frankfurt am Main geboren und begann mit dem Modeln. Nachdem sie von einem Fotografen auf der ...
Warren Buffet-quote
Während Märkte allgemein rational funktionierten, machten sie gelegentlich "verrückte Dinge". Die sich daraus ergebenden Chancen zu nutzen, "erfordert keine große Intelligenz, keinen Abschluss in Wirtschaftslehre oder Vertrautheit mit dem Sprachgebrauch an der Wall Street ...
Mohnish Pabrai (gr8 insights)
Interviewer-Question: You humbly call yourself a "cloner" of other fund managers. How can we learn to follow Buffett and Munger's footsteps?
Pabrai: "Warren and Charlie have been very generous as they have shared a lot of their wisdom in the public domain. The ...
Let them (be part of YOUR) DREAM
Chuck Akre
Just some snippets from one of the friends of Charlie Munger, the successful investor Chuck Akre. He follows a playbook called the "the three legged stool"; In a few words one could describe that story the following way:
http://investorfieldguide.com/akre
Chuck Akre uses the ...
He is the man (for the moment)
www.tipranks.com/bloggers/luke-lango
As per July 2020 "TipRanks" has identified the financial blogs which have provided the best stock recommendations over the past year. The fintech company (TipRanks) measures and ranks the performance of...
...financial ...
Audius / Crypto is still not dead
A streaming-platform with free access and some good music; The Token: "AUDIO"
Enjoy the vibes ;-)
cheers Ralph
