What does it mean to own shares in a “street name”
QuestionI received from a reader: What does it mean to own shares in a “street name” Some investors hold physical stock certificates; pieces of paper with their name on them that represent their ownership in a corporation. Other investors are invested in a DRIP, or dividend reinvestment program, and their shares are noted by the [...]
Getting Rich by Investing in an Excellent Business
At the annual meeting in 1996, Warren Buffett and Charlie Munger commented that, “If you find three wonderful businesses in your life, you’ll get very rich.” At the meeting one year later, he said, “The single biggest recurring mistake I’ve made has been my reluctance to pay up for outstanding businesses.” As a new investor, [...]
What’s The Easiest Way to Track My Investments?
Comments OffFor years, my favorite way to track investments was Microsoft Money Premium, which let you monitor everything from your bank accounts to your 401(k). Microsoft announced in 2009, however, that it was discontinuing the product because they didn’t see a market for it anymore because hundreds of brokerage firms and banks are offering free tracking [...]
Working Capital
The number one reason most people look at a balance sheet is to find out a company’s working capital (or “current”) position. It reveals more about the financial condition of a business than almost any other calculation. It tells you what would be left if a company raised all of its short term resources, and [...]
"Kiss" – Keep It Simple, Stupid!
Two of the greatest investors in history, Warren Buffett and Peter Lynch, are renowned for one trick that helped them develop investing records of 20% to 30% compounded over long stretches of time. Buffett summed it up in the acronym “Kiss”, which stands for “Keep it simple, stupid!” When you truly understand what it means, [...]
