I was reviewing some of Benjamin Graham’s old lecture notes at Columbia University in which he warned his students that “it is the good ideas that do you in.” If something is a bad idea on its face, everyone knows it’s a bad idea and there is no risk to you because you wouldn’t dedicate money towards it in the first place. After all, no one is reading blogs about how to invest in pay phone companies.
But failing in the specifics of the pursuit of a generally good idea is where many of us can make our mistakes. For instance, over the past few years, many of us have come to realize … Read the rest of this article!
Some perspective on IBM: For the June 30th through September 30th 2013 period, IBM reported a profit of $3.68 per share. For the June 30th through September 30th 2014 period, IBM reported a profit of $3.68 per share. Each share of third-quarter profit is the same year-over-year. And, though, nobody is talking about it now, IBM is still expected to earn $16.04 in annual profit for 2014, compared to $14.94 last year. Though it has gone completely undiscussed in the past several days, IBM is still on target to post profit per share growth of 7% when you compare 2014 against 2013.
Why, then, is everyone speaking so negatively … Read the rest of this article!