'To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, though, investment students need only two well-taught courses - How to Value a Business, and How to Think About Market Prices.'
Warren Buffett, 1996 Annual Letter to Investors
The above quote, from one of the greatest investors of all time, sums up the manifesto of this website – that there is a lot of hot air talked about investments. We will seek to cut through all this, and look at simple ways that you yourself can successfully invest your own money or find honest people to do it for you.
For I believe that the majority of investment professionals in the City, Wall Street etc., are not much more than con-men. We have been duped into believing that they are cleverer than they really are, through the jargon mentioned above, and smooth patter from men in smart suits. They may not mean to be con-men, but they are, through factors such as institutional cultures and short-term incentives.
I will not pretend that investing is easy, but by cutting through the bullshit, investors will hopefully have a better chance of filtering the good guys from the majority of cowboys.
doing something different
'it is impossible to produce a superior performance unless you do something different from the majority' sir john templeton