« Percentages, Not Points | Main | PDC #5: Change Your Own Oil, Earn $400,000 »

Graham's Secret to Happiness

Security Analysis
source: Librarity

"I blame myself... for having slipped into an extravagant way of life which I hadn't the temperament or capacity to enjoy. I quickly convinced myself that the true key to material happiness lay in a modest standard of living which could be achieved with little difficulty under almost all economic conditions." - The Memoirs of the Dean of Wall Street


Market

"Financial Turmoil Evokes Comparison to 2008 Crisis" by Nelson D. Schwartz; New York Times

It [now vs. 2008] feels completely different. I don’t think there is a U.S. debt crisis right now, and European debt is not held as broadly as mortgage debt or derivative debt was back in 2008. The prospect of a 2008-like drop in the market is remote. - Larry Kantor, the head of research at Barclays Capital.

"Looking for the bottom" by Buttonwood; The Economist

How does one tell when the markets are cheap?... The best measure is the cyclically-adjusted p/e ratio which averages profits over a decade and pointed to market tops in 1929 and 2000, as well as the early 1980s. According to Professor Shiller, the ratio was 20.7 at the end of last week, whicn makes it around 19.5 after yesterday's fall. That is still above the long-term average of 16.4. The dividend yield is between 2 and 2.5%, on the FT's various measures; even adding 0.5-1% for buy-backs doesn't make that look cheap.

Portfolio:

"Target and the New Frugal " by Michael Shulan; Seeking Alpha

"Target, other retailers deliver solid sales gains" by Thomas Lee; Star Tribune


Life:

"Want to Remember Everything You'll Ever Learn? Surrender to This Algorithm" by Gary Wolf; Wired Magazine

"Is Frugality Dead?" by Robyn Griggs Lawrence; Mother Earth News

 Subscribe by: Email or RSS | Email this Email | Print This Print |

TrackBack

TrackBack URL for this entry:
http://www.brickfinancial.com/blog-mt1/mt-tb.fcgi/124

Subscribe with: 

Subscribe in a readerSubscribe By Email:
-- subscribe to get updated headlines and full length posts delivered right to your email address.



or subscribe by:

Reader | RSS

About Brick Financial Management, LLC

Blogged by Brick Financial

51 JFK Pkwy, 1st Fl. West
Short Hills, NJ 07078
973-486-9860
Email Us

Brick Financial Management, LLC is a Registered Investment Advisor specializing in providing investment management services to individuals, families, organizations and institutions. We implement highly focused stock, bond, and balanced portfolios using an investment approach commonly referred to as value investing. Disclosure

Share

ShareThis -- ShareThis lets you instantly access all of your profiles, blogs, friends, and contacts for easy sharing and updating on sites like Digg, Delicious, Reddit, Facebook and MySpace. For more about ShareThis, click here.

Digg! Digg -- submit this item to be shared and voted on by the digg community. For more about digg, click here.

Delicious Del.icio.us -- mark an item as a favorite to access later or share with the del.icio.us community. For more about del.icio.us, click here.

Facebook Facebook -- share an item with users of Facebook, a collection of school, company and regional social networks. For more about Facebook, click here.

Ben's Latest Tweet

    Follow Ben on Twitter

    Archives