Macro Musings

I try to ignore the white noise of short-term market movements. I keep the financial networks on in my office, but for the most part I find them more humorous than useful. Making investment decisions based on market gyrations or news flow has always ended badly for me, so I generally eschew that type of behavior. I am trying to buy decent businesses at very cheap prices and own them for the long term. Short-term events do not factor into my decisions unless they provide better price points -- and even that is determined by individual company value and stock price evaluations.

Once or twice a year, though, I do find it helpful to consider the bigger picture. I am not looking for trends or trying to make predictions as much as I am looking for potential cheap assets and sectors I may have overlooked. I push aside the stack of 10-Qs and 10-Ks, temporarily return my copies of Security Analysis and Baseball Prospectus to the bookshelf (or according to my wife, the top of the stack on the floor) and focus on charts of the world....519 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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