Listen up if youre going to manage your own money, you have to recognize the value of maybe one of the most important issues out there, the value of humility, so, please, repeat after me, sometimes, im going to be wrong. Come on, say it. Sometimes, im going to be surprised, and one more. Sometimes my stock picks just wont work out. Look, i of all people understand that humility doesnt come naturally to everyone, but staying humble is important. Why . Other than greed nothing has cost more people more money than arrogance. If you own stocks, you have to accept the fact that youre going to be wrong perhaps even often. As the past three years have taught you painfully the house of pain. Your portfolio will get hit with things you never saw coming, things you never imagined, things you never thought were possible. Or put another way the one thing you can be sure of when putting a portfolio together is that at some point something is going to go wrong, and it will hit you totally out of lef
Is valued at almost 8 billion but the question everyone is asking is it worth it. Well talk to the ceo after the opening trade. And facebook is jumping into a new arena, Virtual Reality, they are buying oculusvr in a deal worth about 2 billion. So what can virtual do for social . Well try to find out. Blackrock Ceo Larry Fink sounding the alarm about the recent popularity of dividends and buybacks. In a letter this morning well tell you exactly what he had to say. First up, though, King Digital Entertainment set to debut on the New York Stock Exchange, the maker of candy crush saga saw its ipo at 22. 50 a share, gives it a valuation of about 7 billion and ticker will be king and well speak to the ceo right after the companys first trade this morning over at post eight. Jim, you have said you like the way the deals structured so far. It is not an expensive stock. Those who compare it to zynga, zynga was trading at 58 times earnings. This is sa very well multiple stock versus that. Now,
At some point, something is going to go wrong and it will hit you totally out of left field. Or even worse, something bad will happen that could have easily been anticipated unless you took the appropriate precautions, and you will end up being run over by a train that you actually saw coming. All aboard think of how often weve been clobbered by the mess in europe. Every time things look less horrible across the atlantic, every time we begin to wonder, just maybe the worst has finally passed there is some hideous headline and the euro panic comes back with a vengeance and the s p 500 gets bashed down by a torrent of selling. Thats why its so important to prepare yourselves for the next catastrophe. So you can make money in any market or lose less and not just when things are going smoothly. You have to build this stuff into what i call your world view. You have to assume that somewhere, sometime, something will go wrong. Im not saying you should be a superskeptic perma bear. Not at all
Hit you totally out of left field. Or even worse, something bad will happen that could have easily been anticipated unless you took the appropriate precautions, and you will end up being run over by a train that you actually saw coming. All aboard think of how often weve been clobbered by the mess in europe. Every time things look less horrible across the atlantic, every time we begin to wonder, just maybe the worst has finally passed there, is some hideous headline and the euro panic comes back with a vengeance and the s p 500 gets bashed down by a torrent of selling. Thats why its so important to prepare yourselves for the next catastrophe. So you can make money in any market or lose less and not just when things are going smoothly. You have to build this stuff into what i call your world view. You have to assume that somewhere, sometime, something will go wrong. Im not saying you should be a superskeptic perma bear. Not at all. Over the course of my 31plus years in the business, i h
Repeat after me. Sometimes im going to be wrong, sometimes im going to be surprised, and sometimes my stock picks just dont work out. Humility doesnt come natural to everyone. Staying humble is important many other than greed, nothing has cost people more money than arrogance. If you own stocks, you have to recognize the fact that you will be strong, perhaps often. The past two years have tout you painfully, your portfolio will get hit with things you never saw coming, things you never imagined, things you never thought possible. At some point, something is going to go wrong and it will hit you totally out of left field. Or even worse, something bad will happen that could have easily been anticipated unless you took the appropriate precautions, and you will end up being run over by a train that you actually saw coming. All aboard think of how often weve been clobbered by the mess in europe. Every time things look less horrible across the atlantic, every time we begin to wonder, just ma