This excellent article exemplifies a style of fusion investing, the fusion of business momentum and value.

When is price the same as value?

“With small companies, you’re better off to wait until they turn a profit before you invest.” Peter Lynch – 20 Golden Rules
Investing without profits is playing with fire.

To buy low you should be buying now.

Strategies to lock in ANZ profits form the share purchase plan. Including selling calls, buying puts and CFDs. Plus the dangers of a cash rich company.

I normally read the entertaining Marcus Padley to wind myself up, but this article is a gem as he is sharing someone else’s thoughts.

Think beyond the USA/Australia, woops I mean square.
Starting with nothing is good.
Debt is king.
Time is the most valuable of commodities.
There is no such thing as intelligence.
Mistakes compress learning.
Education is paramount.
The willingness of highly capable and educated people to work for a certain amount rather than a variable sum is the most exploitable, available and cheap investment you’ll ever make.
There is education and there is qualification. Set out …

This advice came from Ronald Muhlenkamp the founder and president of Muhlenkamp & Company. Ron is a value focused guru who has outperformed the markets over the last 15 years.
“There are 3 things that will help you do well in the market.
* A consistent philosophy – know what you do and know that it works (there are many options here)
* Perspective – know when your philosophy works and when it won’t. Know that the market moves in cycles and that you need to be patient.
* Discipline – The first two …