A Quote by Louis Navellier
Now quantitatively we rank things on something called alpha over standard deviation, which is the return independent of the market divided by volatility. Usually, to get a high ranking, you need some buying pressure.
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There's something we calculate called an alpha, and that's the stock's return that's independent, uncorrelated to the market. And the only way you really get a high alpha is for something to zig when the market zags.
I expected social rank to be the determining factor in health, and in some ways that's true. But far more important is what sort of society that rank occurs in. Being low ranking in a benevolent troop is a hell of a lot better for your blood pressure than being low ranking in an aggressive troop.
Politicians should not get involved in the detail of clinical criteria and shouldn't be arguing with professors and consultants over whether there is one standard deviation or two standard deviations.
Particularly when you're dealing with very high ranking people, you know, you have to get their attention, they are used to, by their rank, of having their own way and doing their own thing and when it's necessary to all work together on something, sometimes you have to hit the mule between the eyes of the two by four to get its attention.
Particularly when you're dealing with very high ranking people, you know, you have to get their attention, they are used to, by their rank, of having their own way and doing their own thing and when it's necessary to all work together on something, sometimes you have to hit the mule between the eyes with a two by four to get its attention.
I was going to have to come up with a rank for myself besides Alpha's mate. In the pack, I was just Mercy- but if ten more people called me the Alpha's mate, I was going to hit someone. It sounded like a chess move.
The Church has been and now is unalterably opposed to gambling in any form whatever. It is opposed to any game of chance, occupation, or so-called business, which takes money from the person who may be possessed of it without giving value received in return. It is opposed to all practices the tendency of which is to encourage the spirit of reckless speculation, and particularly to that which tends to degrade or weaken the high moral standard which the members of the Church, and our community at large, have always maintained
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
So much value has been lost in the housing market that people are now buying. If there's any activity in the housing market, it's because values have plummeted to such depths that the 47% can now afford to live in a government-purchased house, or something like that.
The standard that measures two things is something different from either. You are, in fact, comparing them both with some Real Morality, admitting that there is such a thing as a real Right, independent of what people think, and that some people's ideas get nearer to that real Right than others.
Buying a share of a good business is better than buying a share of a bad business. One way to do this is to purchase a business that can invest its own money at high rates of return rather than purchasing a business that can only invest at lower ones. In other words, businesses that earn a high return on capital are better than businesses that earn a low return on capital.
The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
I think that I'm a very independent person, so I need somebody who's independent and strong within themselves as well. I don't necessarily need somebody in order to get things done. I don't need a blanket, do you know what I mean?
If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.
Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.
I really care about what I put out, and probably more than the fans care. At times, I think I over-care. But I just know that the body of work has such a high standard that it's kind of like, in my own head, I need to at least match it if not get over that, so that's the challenge.
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