Wourdes – Pilgrims with diseased portfolios are wheeled into the The Marketslayer’s home to drink from the holy tap. The fount from which all investment returns flow.
The Great Mosque of Munger – The faithful enter the mosque dressed only in a plain white cloth. They circle the Chabaa seven times to signify the seven levels of fundamental risk. Then they ritually stone the Devil of Technical Analysis with small denomination debentures.
The Shroud of Warrin – When El Buffo was a young portfolio manager he used to wrap his fundamental analysis in a plain white cloth woven by his Mom. The investment insights held therein were so powerful that they literally burned an image into the cloth. That image? The profile of a young Warren Buffet in the throes of his investment Passion. The faithful fall to their knees and seek absolution for their investing failures – churning, lack of diversification, sitting on too much cash, momentum investing.
No comments:
Post a Comment