The Money Game by Adam Smith:
We are at a wonderful ball where the champagne sparkles in every glass, and soft laughter falls upon the summer air, we know at some moment the black horsemen will come shattering through the terrace doors, wreaking vengeance and scattering the survivors. Those who leave early are saved, but the ball is so splendid no one wants to leave while there is still time, so everyone keeps asking, ‘What time is it?’ But none of the clocks have hands.
This link provides an excellent video of deep value or contrarian investing; See it!
http://greenbackd.com/2014/12/29/deep-value-at-authorsgoogle/
I am still waiting on a reader to send a copy of Deep Value. Then we can go into a close analysis of the book.
More:
2014-Year-in-Review-Collum from a long-term investor.
Line between rational speculation and market collapse
HAVE A HAPPY AND PROSPEROUS NEW YEAR!
