The Apprentice Investor

Tuesday, April 05, 2005 | 10:00 AM

Tscm_1I have a new column starting on TheStreet.com. Its called "The Apprentice Investor." Its a weekly discussion which will appear each Monday.

No subscription is required.

Podcast: The Apprentice Investor introduction.mp3
click to play, or right click (or option click) to download

For the novice investor, there are plenty of sites that will help them "dip their toes in the water." For the pros, more data and commentary is available than could be read in lifetime. A great void, however, stretches between the two. Its like a barbell. There is no "Sophmore" commentary between the newbie and the more sophisticated investor.

Ironically, that transition period is where investors do themselves the most damage. Just as they feel they have learned a thing or two -- more confidence begets larger and more aggressive trades -- they get mangled.

I've seen it far too many times to count.

What I have in mind is to help transition a reader from frosh to grad student; An accelerated course of the school of hard knocks -- minus much of the costly pain.

There are many goals I hope to accomplish with the Apprenticed Investor, but let’s focus on three:

First, I hope to share with you the lessons, experiences and skills I have learned over the years. Not give you a fish, but teach you to fish. Hopefully, you won't have to pay the expensive tuition these lessons originally cost me (i.e., $$$ & losses).

Second, I hope to make clear the challenges of trading/investing. Sure, you know investing is tough -- but why is it so? What's the reason that trading is so damn hard? Why do so many people -- including the pros -- fail to outperform? Learn the reasons for this, and you will have a much better understanding of the field of battle . . . and have a chance at superior performance, maybe even outperformance (I'll explain the difference later).

Last, I want to provoke you into thinking. Complacency is the enemy of the investor. Get too comfortable and the markets will toast you. An enigmatic Greek philosopher named Heraclitus observed that "nothing endures but change." That's as true today as it was 2,500 years ago in Heraclitus' time. Failing to adapt to an ever shifting landscape is a sure path to ruin.

The first column goes up today, and its called "Expect to Be Wrong."

Please check it out, and be sure to tell me what you think.

Tuesday, April 05, 2005 | 10:00 AM | Permalink | Comments (8) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83458945369e2

Listed below are links to weblogs that reference The Apprentice Investor:

» The Apprenticed Investor from Mortgage Report
Barry Ritholtz has a new column on TheStreet.com entitled Apprenticed Investor. This new column -- "The Apprenticed Investor" -- is all about making you a better investor. Not just a better stock picker, but someone who knows how to preserve capital... [Read More]

Tracked on Apr 5, 2005 10:16:42 PM

Comments

Bravo

Posted by: JR | Apr 5, 2005 10:59:27 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner