Chess is one of the games that I’ve always loved to play, and in this post I’ll discuss one particular lesson that I think chess offers to those playing the investment game.

We recently came across a great post by Tom Brown, a leading hedge fund manager specializing in banking and other financially-related equities. By offering a window into the thought processes of a successful investor going thru a major stock correction, we think the article may be useful for other investors facing stock declines.

In the book "Innovation and
Entrepreneurship", famed management guru, Peter Drucker, provides
a two-line description of the entrepreneurial process that we think can
be modified somewhat to provide an excellent summary of the investment process we, and many others, advocate.

Drucker states: "Systematic innovation therefore consists in the purposeful and organized search for changes, and in the systematic analysis […]

Due to requests from several subscribers, we have prepared an updated
spreadsheet, which details the returns from the picks we have mentioned
on EnvoyGlobalResearch.com and CasinoCapitalism.com over the past year.

To access this spreadsheet, please click here.

We’ll note briefly that since starting this site a little over a year
ago, we have profiled 30 companies. Out of our 30 […]

I really got a kick out of these three headlines, which were all written today:Oil Prices Rise to $72 a Barrel in Asia Houston ChronicleOil Prices Decline Despite Gulf Storm ForbesOil Prices Steady After Iran Reaction Forbes Ok, wait a second, so which way are oil prices headed? Bets anyone?

The holy grail of traders is a foolproof market timing tool. It helps you buy at the bottom and sell at the top. Now of course this is impossible to do in practice, but that does not mean I’m going to give up my hunt for that elusive market timing indicator. The potential profits are […]

Is there a connection between betting at the horse track and the stock market? Benjamin Graham, the father of fundamental investment analysis and one of the most influential investors of all time, seemed to think so. Below are some interesting quotes from lecture ten of The Rediscovered Benjamin Graham, a compendium of transcripts from his […]

Seymour Schulich is one of Canada’s most successful investors.  He is most famous for selling his company, Franco-Nevada, to Newmont Mining for $5 billion. Recently he has been in the news with the sale of his largest oil investment, BlackRock Ventures (BVI.TO), to Shell Canada for $2.5 billion. So how did Mr. Schulich pull all […]

During this holiday weekend, I decided to pick up Bernard Baruch’s autobiography, "My Own Story". In general, very few investment books have ever really helped me make money, and I’ve probably learned more about investing by reading books on evolutionary theory and philosophy. However, Baruch’s book was actually an enjoyable read because it provided alot […]

We have not posted in a view days, but in the interim we have received several emails asking us for some new picks. Well, we´re sure looking, but we have not find any stocks yet that meet our criteria of low downside risk and high upside appreciation potential. For now we´re just sticking with our  […]