Why I Don’t Pay Too Much Attention To A Fair PS Ratio And Fair PB Ratio
Recently, a friend asked me a seemingly simple question: Why do you only use profit and cash flow to assess the fair value of a stock? He argued that even …
Basic Financial Wisdom
Here you will find many articles containing basic financial wisdom such as financial wisdom quotes, general explanations, book recommendations on financial topics, and much more.
Art of Investing: Drawdown Chart, Human Capital, and Power of Time
Investing is about achieving returns and managing inevitable periods of loss. A valuable tool to better understand these periods is the drawdown chart. This chart shows how often and how …
Financial Security: Growing Wealth While Sleeping Peacefully
Life is already hectic and complicated enough, and we all struggle with our own challenges. As I navigate through life, I’ve realized how much the decisions I made years ago …
Building A Financial Safety Net – It Is Worth It
Building up a financial safety net has been my fundamental need since my early twenties. Why? Because pitfalls, failures, and mistakes are normal and affect everyone. After all, life is …
Wealth Management – Easy To Start, And Even Easier To Master
Even a small pocket cannot prevent me from making more of it. Snowflakes of pennies can become an avalanche of monthly dividends. This is what wealth management means to me. …
The Aesthetics of Success – A Golden Success Formula?
For whatever reason, some methods work in at least 90 out of 100 cases. But, they work not only in the vast majority of cases. Moreover, they feel effortless, almost …
Good Enough Investing
“How are you?” “I’m fine, thanks. How about you?” “Well, good enough, I’d say.” Good enough…?! On closer inspection, what sounds like a boring and unpleasant description of one’s own …
Investing Is Easy – And Yet I Spend Too Much Time On It
Investing is easy. You deploy your capital with a purpose. But already from here on, things get more complex. What is my goal, and how much time do I want …
Antifragility, Critical Rationalism and Serendipity Changed Everything
Three concepts or schools of thought have changed my life. Antifragility, serendipity and critical rationalism are all interrelated. They are mutually dependent and, at the same time, overlapping. This article …
Time To Reflect The Investment Strategy – How To Improve The Performance
New year, new opportunities! Now is the ideal time to review my investment results and ensure they align with my investment strategy. As stock pickers, we are at a disadvantage …
Investing in 2024 – How To Survive The Stock Market Madness
Investing in 2024 will once again be challenging. We will see a lot of uncertainty and we will be flooded with a wealth of information. I will still sleep soundly, …
Adding A Grain Of Fun And Humor To Your 4HL Is Lindy
What is 4HL or lindy? Well, perhaps you’ll get an idea after reading this new part of my series “Thoughts by the Sea” following my articles on antifragility and frugality. …
People Are Talking A Lot These Days (As Always)
The biggest obstacle to achieving one’s goals is that the path to them is lined with doubts, lies, bullshitters and many other things that distract the ambitious wanderer. The longer …
Quadrants Of Knowledge – Staying Away From The Unknown Unknowns
The quadrants of knowledge are helpful tools in risk assessment. I use them occasionally to assess how thin the ice is on which I stand. One thing is clear: while …
The Investment Mistakes I Made – A Reflection
It is not so easy to find chances for reflection in order to detect investment mistakes. Reflection requires time, muse, and a certain amount of suffering. Because if you reflect …