Watching the news is dangerous to your decision making. Protecting your “priors” is all about making sure you are working from a sound set of base data. Many people have a fear of flying.  Why?  Because an airplane crash makes for terrific news coverage.  It also makes for a great action movie. The more airplane Read more about Protect Your Priors – Turn off the News[…]

We are not “traders.”  Although we buy and sell, we are fundamentally business owners.  In practice, what does that mean? Business owners start, buy and hold companies that they expect to increase in value.  Value increases as the result of increased income (or the expectation of future increases in earnings.)   Income increases by improving Read more about Market Transfers Value from Traders to Owners[…]