Comments on: Knight Kiplinger’s Investor’s Manifesto

By: misanthropope

misanthropope — Sat, 11 Jul 2009 05:03:20 +0000

honestly, the injunction against margin should have been much stronger- it is more important than all the others put together. practically all investors who go broke do so because of leverage.

By: misanthropope

misanthropope — Sat, 11 Jul 2009 05:00:29 +0000

you could read everything on investing and finance in your local library and never see any evidence that “higher return entails higher risk”. intuitively, the idea makes sense, but reality seems to fail to conform to intuition, sometimes.

asset turnover may _correlate_ with speculative temperament, but they are by no means the same thing. if the price of a holding exceeds your assessment of fair value, PLUS my transaction costs (which, including taxes, are considerable), it isn’t praiseworthy to hold.

By: Blogger Meetup, Top Referrers and LinkStuff For June 15

Blogger Meetup, Top Referrers and LinkStuff For June 15 — Mon, 15 Jun 2009 07:02:23 +0000

[...] The Dividend Guy shares Knight Kiplinger’s investors manifesto. [...]

By: Weekly Links: June 14, 2009 | Dividends Value

Weekly Links: June 14, 2009 | Dividends Value — Sun, 14 Jun 2009 10:33:03 +0000

[...] The Dividend Guy presented Knight Kiplinger’s Investor’s Manifesto [...]

By: Bender

Bender — Sat, 13 Jun 2009 03:26:12 +0000

It was great right up until: “But stocks are not too risky in the long run”.

I’m not saying people shouldn’t invest in stocks. The average non-retired investor probably should, but they need to understand and appreciate the risks. Most people’s thinking about risk is too simplistic, and such statements only perpetuate such mistakes.