The Winning Hand

The Winning Hand

Over time (typically between 6 months and 3 years), stock prices will approximate the intrinsic value of the businesses they represent. If you’re a speculator or you base your investment decisions on emotion, intrinsic value means absolutely nothing to you and we wish your hard-earned money well with your magic eight ball. And if you…

It’s Not Time Yet

It’s Not Time Yet

To paraphrase Sir John Templeton, bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. In the short-term, markets aren’t about math (though they always revert to it). They are about psychology. This bull market began in March of 2009. The psychology of the markets was as pessimistic as…

The Tale of Two Businesses

The Tale of Two Businesses

To steal a line from the great author Charles Dickens, “it was the best of times, it was the worst of times” for two Superinvestor Wealth Compounders around their recent earnings reports. It is not really the worst of times for either Nomad Foods or Platform Specialty Products for serious money investors, but their share…

Predictions Are Nonsense

Predictions Are Nonsense

FMT Investment Advisory implements and reveres value-based investment ideas.  Predictions for Dow 50,000 or Dow 6,000 are utterly nonsense. Soothsaying isn’t a formula for successful investing. Our advice is to ignore, delete, unfriend, or unsubscribe to anything or anyone pontificating such hogwash. Outlandish predictions are great for attracting eyeballs, but they are virtually useless to…