Bill Miller Explains Why I Own Coty and Avon.

I own Coty (“COTY”) and Avon (“AVP”).  In the interest of transparency, please note that I am currently long and quite wrong on both. 

I have posted about Coty before.  I have been planning to post a brief thesis summary and update to document my thought process (or lack thereof).  Then, a few weeks ago, I came across a video of a very famous (and very articulate) professional investor essentially summarizing my thoughts on these two positions for me. Continue reading “Bill Miller Explains Why I Own Coty and Avon.”

State of the Stash – March 2019

It is time, yet again, for the monthly airing of my private financial laundry.  I hope that this journal of savings will provide us all enhanced motivation to save.  It will also serve as a record, so that I can look back and analyze to see where I can improve. Continue reading “State of the Stash – March 2019”

State of the Stash – February 2019

It is time, yet again, for the monthly airing of my private financial laundry.  My goal is that by maintaining a journal of my savings, I will provide enhanced motivation to save.  It will also serve as a record, so that I can look back and analyze.  Continue reading “State of the Stash – February 2019”

The State of the Stash – January 2019

It is time, yet again, for the monthly airing of my private financial laundry (I am actually a few weeks late on this one).  My hope is that maintaining a journal of my savings will help provide additional motivation to save and allow me to spot trends.  It will also serve as a record, so that I can look back and analyze.  Continue reading “The State of the Stash – January 2019”

I’ll Have What He’s Having – Behavioral Personal Finance

Behavioral Finance Tricks I Use on Myself

So, I have not written a ton about personal finance topics on this blog. In my mind, I am kind of holding off on those topics until and unless I am able to accumulate a significant amount of financial assets and reach “financial independence.” If there is an interest in more discussion of these sorts of topics, drop me a comment and I will try and oblige.

A few weeks ago, Daniel Egan who is with Betterment (a robo-advisor) shared a recent post he published on the Betterment blog. By the way, Egan is a good follow on twitter (@daniel_egan). The post was about how he uses lessons from behavioral science to help him manage his personal finances.

Continue reading!

December 2018 Savings Update

Happy New Year!  It is time, yet again, for the monthly airing of my private financial laundry.  My hope is that maintaining a journal of my savings will help provide additional motivation to save and allow me to spot trends.  It will also serve as a record, so that I can look back and analyze.  Continue reading “December 2018 Savings Update”

November 2018 Savings Update

It is time, yet again, for the monthly airing of my private financial laundry.  My hope is that maintaining a journal of my savings will help provide additional motivation to save and allow me to spot trends.  It will also serve as a record, so that I can look back and analyze.  Continue reading “November 2018 Savings Update”

October 2018 Update

It is time, yet again, for the monthly airing of my private financial laundry.  My hope is that maintaining a journal of my savings will help provide additional motivation to save and allow me to spot trends.  It will also serve as a record, so that I can look back and analyze.  Continue reading “October 2018 Update”

Gone to Cash…

The equity markets have been more turbulent of late.  As I type, most markets outside the U.S. are around 20% off their highs and the U.S. markets are in a ~10% drawdown.  Today, the NASDAQ is off more than 3%, apparently based on earnings reports from Amazon and Alphabet which were not well received.  I am dropping a quick note during this market turbulence to update on a “tactical” move I made in one of my accounts.  I went to cash… Continue reading “Gone to Cash…”

Einhorn Versus Buffett: a Great and the GOAT on AAPL

David Einhorn recently issued his investor letter for the third quarter, generating media reports concerning the contents.  He reportedly compared Tesla to Lehman Brothers (I recently discussed Tesla here).   He also went on to discuss his decision to liquidate his Apple (“AAPL”) position.  See CNBC story reporting on letter.

Einhorn’s stated reasons for this move, the process and circumstances surrounding this action, as contrasted with those of Buffett’s AAPL investment, led to a couple of observations. Continue reading “Einhorn Versus Buffett: a Great and the GOAT on AAPL”