Catching up with David Merkel
I’ve been catching up with The Aleph blog today. Merkel is a fantastic writer. I even enjoy his book reviews, which are often peppered with many investing nuggets.
To a guy in search of how to fold momentum into a value approach this following insight gives me something to work on. Patience… again.
My favorite example is that as a value investor, I am almost always early. I buy and sell too soon, and leave profits on the table. Adding a momentum overlay can aid the value investor by delaying purchases of seemingly cheap stocks when the price is falling rapidly,and delaying sales of seemingly dear stocks when the price is rising rapidly.
via The Aleph Blog.
What did Buffett say about pitches? Was it you only need to strike at twenty pitches? Once again patience.
This post was brought to you courtesy of thanks to David for a great investing blog and a big reminder for me to continue working on my patience and allowing momentum a louder voice in the timing of trades.
That’s me with three Concords after they were grounded early this decade after the Paris crash.
No related posts.
Dear Dean,
Thanks for featuring me, but I must admit, there is an error in what I wrote. Where it says, “and delaying sales of seemingly cheap stocks when the price is rising rapidly.” it should have said, “and delaying sales of seemingly dear stocks when the price is rising rapidly.”
My apologies, and my best wishes to you and your readers.
David
Thanks so much for the best wishes David and providing such depth and value in your writing. You stand tall in a world of noise.
No need to apologise, words are not as important as the message and your message was clear.
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