Basepoint WealthNov 23, 20215 minInvestmentsManaging Investments Means Managing Your EmotionsManaging uncertainty and keeping emotions out of investing is easier said than done, but a common sense investment philosophy can help.
W. Allen WallaceOct 12, 202111 minMarket CommentaryCommentary: The Siren's SongThere is nothing more maddening than watching things climb in price that we do not own. Investing is most dangerous when it looks easiest.
W. Allen WallaceApr 1, 202117 minPrinciplesPrinciple 7: Carefully consider costsOur mission is to simplify things and make sure that whatever cost you incur provides some sort of return either financially, or mentally.
W. Allen WallaceFeb 27, 20204 minMarket CommentaryCommentary | Our Strategy During VolatilityMarket fluctuations are uncomfortable. With this in mind, it may be instructive to review a few key components of our investment principles.
W. Allen WallaceApr 5, 20198 minPrinciplesPrinciple 6: Appropriate use of diversificationDiscussing diversification in the long shadow of a moderating term like “carefully” may seem anathema to certain investment fanatics.
W. Allen WallaceDec 14, 20187 minPrinciplesPrinciple 5: Think long-termBy designing repeatable processes, controlling our emotions, and putting the wind of time to the back of our sails, we maximize potential.
W. Allen WallaceMay 3, 20185 minPrinciplesPrinciple 4: Carefully manage liquidityAdequate liquidity is both an investment function and a financial planning function and is a key differentiator in how Basepoint works.
W. Allen WallaceMar 23, 20186 minPrinciplesPrinciple 3: Define risk as the permanent loss of capitalRisk: a four-letter word that many people avoid discussing in polite company.
W. Allen WallaceJan 12, 20184 minPrinciplesPrinciple 2: Invest with a margin of safetyWe always attempt to purchase securities with a margin of safety, and we utilize fund managers who do the same.
W. Allen WallaceOct 6, 20175 minPrinciplesPrinciple 1: Contrast Investment Versus SpeculationIn our estimation, avoiding mistakes is much more important to success than outguessing the competition regarding short-term price changes.