Naples, why not?

Wanna move to the Bahamas? Sir John Templeton achieved better results from there for his Fund than the previous 20 years spent living in Wall Street. And what about Aruba or any place in the Caribbean? Well, they are all wonderful and many more we can add to the list. But I always try to…

Boredom is fun

In investing Boredom is fun. True investing or Intelligent Investing incorporates boredom and requires boredom as one of its components. It’s a fact. It is one of its main traits. If you are capable of a sound big decision you don’t wiggle around much. It’s not only the fourth law of motion by Buffett (“For…

Letter to partners

“There are undoubtedly more mercurially-tempered people in the stock market now than for a many good years and the duration of their stay will be limited to how long they think profits can be made quickly and effortlessly(…) I make no attempt to forecast the general market – my efforts are devoted to finding undervalued…

You are not an Investor

Rational Walk is the only newsletter that I read among the many I receive about investing. I found almost a waste of time all the rest. Too much noise. Many talk about money, finance and other interesting topics but they are not about investing. Rational is exhaustive, accurate, drops some knowledge, and even if you…

Yes, you can lose…

“The most worthless of mankind are not afraid to condemn in others the same disorders which they allow in themselves” Edward Gibbon “The decline and fall of the Roman Empire” Prize in others the good qualities you’d like to have but you are struggling to achieve. It is not only paramount to find the right…