REFLECTIONS
on INVESTMENT
REFLECTIONS
on INVESTMENT
The art of investing leans heavily
on common sense, which acts
both as a prop and a hindrance
to the learning process.
In compiling this booklet, we
have reflected on the patterns
of our own experience and on
common idiosyncrasies.
Identification of aberrant patterns
may result in a more refined pursuit
of the art.
Kerr Neilson
Instant communication and easy access
to information have turned investing
into an open competition.
All can participate and a great many do,
so be sure to assess what edge you bring
to the process.
No.1
G LO B A L E V E N T
REFLECTIONS on INVESTMENT
Unlike art, shares need to be purchased
with mercenary intent.
Are you sure the company is worth
more than its current price?
No.2
P L AY FO R G A I N
REFLECTIONS on INVESTMENT
A good company doesn’t necessarily
make a good investment.
It’s all about the price you pay.
No.3
MISTAKEN EQUATION
REFLECTIONS on INVESTMENT