Wednesday, March 09, 2011

Carl Richards - Behavior Gap and Prasada Capital

If you do not subscribe to Carl Richards' newsletter then you should! Here is his latest offering:Alt

...I tend to spend a lot of time talking and writing about worse-case scenarios: investors behaving badly, people losing their retirement, and difficult money conversations. However, I think it’s also worth remembering why we’re so focused on our financial security: our desire for a happy life and to provide a good life for our loved ones....

READ THE COMPLETE NEWSLETTER HERE


I also like the way that Carl approaches investment advice:
Let’s be clear: Investment success is not about skill. It is not about having bigger computers, or a huge research staff scouring the planet for the next hot stock. 
Investment success is about behaving correctly. Despite knowing better, we make the same mistake of buying high and selling low over and over again. That is a huge problem and we think we’ve found the solution. 
Now, because we focus on solving the investment problem that means we don’t have time to sell worthless financial plans, be as entertaining as Jim Cramer, or produce stacks of slick sales material. If you want that stuff this is not the place for you. 

If you are in the USA, email or call Carl Richards. If you are in Australia then I might be able to help you.