If you expect to continue to purchase stocks throughout your life, you should welcome price declines as a way to add stocks more cheaply to your portfolio.
The whole movie thing has never been a source of great pride for me, in that Burt Reynolds, who starred in the picture, butchered the original script I had written for the late Steve McQueen, and the result, while a massive moneymaker, was lashed by the critics. But like the old joke about Pierre the Bridge Builder, The Cannonball Run is indelibly inscribed on my so-called career portfolio, and few conversations with strangers pass without the subject of the picture arising.
Northleaf is delighted to have been chosen to manage the new fund. We look forward to implementing the fund's long-term strategy of constructing a portfolio of high-potential venture capital funds with the scale and resources to execute their plans, support successful high-growth companies and deliver world-class returns.
To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices.
A powerful portfolio of physiological and behavioural evidence now exists to support the case that fish feel pain and that this feeling matters. In the face of such evidence, any argument to the contrary based on the claim that fish 'do not have the right sort of brain' can no longer be called scientific. It is just obstinate.
I like to think I have a good few years left of my career yet, as long as I stay fit and healthy. However, it's always good to have a backup plan, which is why I have been working hard to build my business portfolio outside tennis.
Your heart, my friend, is the size of a stadium. If you try to fill it with small things - a new car, a vacation, a promotion at work, a bigger home, a stock portfolio - a mournful echo will fill your life. But if you fill your stadium with all of humanity and search for ways to make their lives better each day, you will find yourself in the right place at the right time, doing the right thing in the right way.
I don't spend that much time in the studio. When I first started doing music, I was in the studio every day just trying to build my portfolio. But now, even though I haven't totally mastered my craft, I'm at a pretty high level.
You know, some of the portfolios we might consider buying are portfolios which would do especially well if we have an economy-wide, or I mean, a global climate change that impacts us very negatively there are some companies that will do well, and so it might make sense to hold some of those in your portfolio.
The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the equation is that riskier borrowers pay higher interest rates. Ultimate safety - a strongbox full of currency - would avail the banker nothing. Maximum risk - a portfolio of loans to prospective bankrupts at usurious interest rates - would invite disaster. A good banker safely and profitably treads the middle ground.
People are competing to win at a game that is a loser's game. The game is to have better routine images than someone else's routine images. If you want a prescription for routine images, you just have to go through any student's portfolio.
We have military bases all over the world, and that's purely to protect our portfolio abroad.Our investments, and our production, our exploitation of cheap labor and raw materials. We're on the scene to do that, and the military is there to see that it happens.
I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's going to be. I have no idea. That's my existentialism. I am a student of uncertainty, I have no idea where the stock market is going to be. So when I am creating trades in my portfolio for my clients, I am agnostic. I just want to enhance the probability that I make money come what may.
I have a website because it's an interesting tool, very - and quite unexpectedly - useful for my work. It's become an archive and a fairly complete on-line portfolio, as well as offering an opportunity to write a little.
Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is reasonably efficient. That makes it possible for the rest of us to do the sensible thing, which is to index. Want to join me in this parasitic behavior? To build a well-diversified portfolio, you might stash 70 percent of your stock portfolio into a Wilshire 5000-index fund and the remaining 30 percent in an international-index fund.
The history of the past fifty years, and longer, indicates that a diversified holding of representative common stocks will prove more profitable over a stretch of years than a bond portfolio, with one important provisio that the shares must be purchased at reasonable market levels, that is, levels that are reasonable in the light of fairly well-defined standards derived from past experience.
I love picking people. I started Blackstone, and we had no people, and now we have with our portfolio companies about 750,000 people all over the world. Everybody who is at a senior level has ultimately been picked by me.
People would be a lot more skeptical if they understood that there is an incredible amount of chance in the results that you observe for active managers. So the distribution of outcomes is enormously wide - but that's exactly what you'd expect by chance with lots of active managers who hold imperfectly diversified portfolios. The really good portfolios contain a lot of really lucky picks, and the really bad portfolios contain a lot of really unlucky picks as well as some really bad ones.
I think a portfolio standard should go beyond wind, solar and geothermal energy to include renewable energy like hydropower and clean alternatives such as coal gasification, clean coal, nuclear energy and, finally, credits for achieving new levels of efficiency and conservation.
But to me what seems to be missing in a lot of portfolios is Cartooning.
First, I was Bavarian State Minister of Justice, and after the ministries of justice in the various states were dissolved I became Reich Minister without portfolio.
Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed. Few people will commit suicide without a push. And fewer still will pay good money to be told to do what is against human nature and self-interest to do.
I did a bit of modeling before I took up acting, and I was up for this big campaign - I can't remember which designer - and all these execs were looking at my portfolio. Then one said: 'We'd like to use you, but can you come back next year when you've lost this.' And he tapped the underside of his chin.
Over the long term, despite significant drops from time to time, stocks (especially an intelligently selected stock portfolio) will be one of your best investment options. The trick is to GET to the long term. Think in terms of 5 years, 10 years and longer. Do your planning and asset allocation ahead of time. Choose a portion of your assets to invest in the stock market - and stick with it! Yes, the bad times will come, but over the truly long term, the good times will win out - and I hope the lessons from 2008 will help get you there to enjoy them.
If you're looking to freelance, just get as many gigs going as you can, and you can make it work... It's about getting as many side projects as possible, keeping as many balls in the air as you can, and what you're doing, basically, is diversifying your portfolio, with the same kinds of rewards. One falls through, and you still have another one to work on.
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