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Observations: 'You Can See A Lot Just By Observing' Yogi Berra - Weekly Blog # 679

May 03, 2021 8:50 PM ET3 Comments
Mike Lipper, CFA profile picture
Mike Lipper, CFA


  • The art of investing is based on observing elements that others do not see or interpret.
  • You can't cope well with problems/benefits or assets/liabilities you can't measure.
  • Regardless of whether you maintain a single portfolio or multiple portfolios, you need a framework to decide whether you are accomplishing your goals, moving in the right direction or need a mid-course correction.

Investment management. Portfolio diversification.
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Investors Should Learn by Observing Others

The art of investing is based on observing elements that others do not see or interpret. One example is a comment from a young person about

This article was written by

Mike Lipper, CFA profile picture
A. Michael Lipper is a CFA charterholder and the president of Lipper Advisory Services, Inc., a firm providing money management services for wealthy families, retirement plans and charitable organizations. A former president of the New York Society of Security Analysts, Mike Lipper created the Lipper Growth Fund Index, the first of today’s global array of Lipper Indexes, Averages and performance analyses for mutual funds. After selling his company to Reuters in 1998, Mike has focused his energies on managing the investments of his clients and his family. His first book, MONEY WISE: How to Create, Grow and Preserve Your Wealth (St. Martin's Press) was published in September, 2008. Mike’s unique perspectives on world markets and their implications have been posted weekly at Mike Lipper’s Blog since August, 2008.

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Comments (3)

KYSANMAN profile picture
some interesting vignettes here. I guess the message is "there are no absolutes". the successful investor must always be observing, learning and adjusting his behavior. In other words, be humble and willing to adjust.
@KYSANMAN That's correct, there is no "buy and hold" not today. This is not Uncle Warren's stock market. You have to hit singles and doubles and go for above average stocks., i.e., tech stocks. Home run hitters are not the best at batting averages. Make your core investments and then trade around them for above average alpha.
Arsenal26 profile picture
I appreciate your observations.
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