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Richard's Wisdom

November, 2017

Richard’s Thoughts on Being a Champion Worrier

Richard’s Comments

 

The other night at a Chinese restaurant, I ran into an old friend. He asked me, "Russell, I read your site just about every day, and I have a question; how do you know what to write about each day?"

 

I told him, "Easy, I write about what I'm worried about."

 

My friend answered, "Does that give you enough to write about each and every day?"

 

I responded, "Are you kidding? I write about roughly 10% of the items I worry about. You see, I'm a champion worrier. I worry about stuff even before it really becomes worrisome."

 

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Richard's Thoughts on Bull Markets and Corrections

Richard's Comments

 

The single most difficult concept to get across to investors (and I say this after many years of writing about it) is the concept of the great primary trend of the market.

 

A primary trend, bull or bear, once set in motion, does not reverse until it is EXHAUSTED. A bull market such as this one, for example, will not top out until the bull forces have totally spent themselves. Thus, a bull market will not die on bad news, economic recessions, corporate disasters or political threats.

 

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Richard’s Thoughts: Lessons from the Past

Richard’s Comments

 

The following was written on January 16, 2004

 

Investing today is just plain different and difficult. Today, it's a global world, and billions of dollars are being invested by managers using "other people's money."  

 

Investing to me has always been a matter of buying great values at a time when most people won't touch these same values.

 

Which, of course, brings up the question, "Are there any great values today, and if so -- where the heck are they?"

 

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Richard's Thoughts On Optimism

Richard's Comments

 

It's human nature to be optimistic. It's human nature to hope. Furthermore, hope is a component of a healthy state of mind.

 

Hope is the opposite of negativity. Negativity in life can lead to anger, disappointment and depression. After all, if the world is a negative place, what's the point of living in it? To be negative is to be anti-life.

 

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