Blog: Cutting Through the Noise

Words From the Oracle

Excerpt from Chris Stephenson's blog on September 7, 2007

If you search for the definition of the word oracle, a lot of interesting definitions come up. Here are a few I handpicked: 1. a) prophet: an authoritative person who divines the future. b) a prophecy (usually obscure or allegorical) ...

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The Shareholder Letter You Should, But Won't, Be Reading Next Spring

Excerpt from Scott Ronalds's blog on August 9, 2007

Here's a real beauty that made the rounds at Steadyhand: The Shareholder Letter You Should, But Won't, Be Reading Next Spring . If you want to see the circus, there's no need to go to the big tent...there's plenty of ...

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Bubbles, Animal Spirits and Other Depressing Stuff

Excerpt from Tom Bradley's blog on May 7, 2007

One of my favourite investment writers is Jeremy Grantham, who is one of the founders and still a driving force behind GMO, a very successful investment manager. In addition to regularly reading his quarterly piece, I’ve met Jeremy and seen ...

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Too Good to be True

Excerpt from Tom Bradley's blog on December 22, 2006

I came across a wonderful quote yesterday. I was reading a piece I'd found on the Tocqueville Asset Management website (www. tocqueville.com) written by their Chairman, Francois Sicart. "I never invest in a situation in which I cannot lose money" ...

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If It Isn't Worth Doing...

Excerpt from Tom Bradley's blog on July 4, 2006

"If something isn't worth doing, it isn't worth doing well." This is one of my favourite Charlie Munger lines and I think it's very applicable for those of us who manage money, for clients or just for ourselves. Specifically, I'm ...

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