Here is a quick overview of today’s movements in the stocks I “follow” on my Seeking Alpha homepage:
As you can see, the price of every single company that I follow went down today. For some people that try to buy a stock at $30 and sell it at $70, that is bad news. It means they are losing money.
But if you craft a long-term strategy and think like a business owner, you will develop the kind of wiring that appreciates falling stocks because it matches your goals. When I invest, I am trying to buy the most future profits (in the form of dividends and retained earnings) at the lowest price … Read the rest of this article!
Between 1918 and 1948, approximately 12,500 various individuals and business entities purchased and/or leased property in Texas for the purpose of extracting oil and participating in the get-rich-lifestyle that appeared within reach during the famous Gusher Era in Texas.
Of these various oil men, the “Big Four” were H. Roy Cullen, H.L. Hunt, Sid Richardson, and Clint Murchison, Sr. This raises an obvious inquiry: What was so distinguishable about their behavior that they were able to earn the top 0.01% of results among a slew of competitors that had the same idea?
From what I can gather, these men applied at least four principles to their construction of their personal fortunes:
- They minimized
… Read the rest of this article!