10 Comments

Howard Marks related the story of his son, who once said they should invest in Ford Motor Company because it had a new model in the pipeline.

Marks' response: "Who doesn't know that?"

Expand full comment

I get my advantage by reading Klement on Investing

Expand full comment

Ha! :-)

Expand full comment

No edge over other investors on individual securities, but for me an edge over speculators through columns like Jason Zweig's The Intelligent Investor. Advice on investing, not investments.

Expand full comment

Absolutely agree. Jason is a friend and I really think his work is excellent.

Expand full comment

Great, now run that same analysis on Elon’s Twitter feed!

Expand full comment

I disagree. I don't read the WSJ or economist for a trading edge, nor for market commentary (sure it contains some of that). I read it to stay somewhat informed about trends and patterns in the business world, which indirectly influences my otherwise narrow world view. Here is an article they wrote on SPACs that contains a dataviz. I agree with one of the commenters wrote, "Great graphical depiction. Best I have seen." And regarding the Economist, it barely has any market market commentary ... I don't have time to read each Economist, but of course that publication would not be giving readers an direct "edge" in trading. It's about learning about the world; e.g., I've never been to China. Where else. I take the FT, it has excellent Big Reads.

Expand full comment

thanks for banning me just for offering a different viewpoint. I'm a fan of your substack, I have shared it with my forum audience.

Expand full comment

I didn’t bN you for offering a different viewpoint but for posting a link to a commercial website. I don’t allow commercial offerings to be advertised on this site. I have no problem with your view, though I disagree with them. Keep’em coming.

Expand full comment

oh okay, that's fair, thank you explaining the ban, cheers!

Expand full comment