Reasons to pass : a guide to making fewer and better investments / Ralph Birchmeier.

Format:

Book

Author/Creator:

Birchmeier, Ralph, author.

Language:

English

Subjects (All):

Confidence.

Investments.

Investments--Psychological aspects.

Physical Description:

1 online resource (317 pages)

Place of Publication:

New York : Columbia University Press, [2023]

Summary:

Ralph Birchmeier argues that an optimal portfolio-building strategy means patiently waiting for the few investments worthy of capital allocation. He outlines the principles required for success then examines specific reasons to pass on investments, detailing behavioral biases that disrupt optimal decision making.

Contents:

Intro

Table of Contents

Part I. Principles and More

Introduction

1. Reasons to Pass: Investment Principles

2. Main Street Versus Wall Street: A Rigged Market?

3. Fundamental Analysis in the Digital Age

4. Indexing: A Viable Option

Part II. Reasons to Pass

5. Minimum Market Capitalization

6. Financial Leverage: The Ultimate Killer

7. High-Fixed Cost Businesses

8. Accounting

9. Regulatory Uncertainty

10. Corporate Governance

11. Asset Liability Mismatch

12. Deep Cyclical Companies Near Cycle Peak

13. High-Cost Commodity Businesses

14. Cash Flow and Earnings Disconnect

15. Structurally Declining Businesses

16. Obsolescence Risk

17. Valuation: A Critical Protector of Capital and Returns

18. Lollapalooza Effect

Part III. Reasons to Buy

19. Screening

20. Growth Stocks

21. Core Characteristics of Successful Investors

22. Viable, and Buyable, Investment Opportunities

23. Selling Discipline

Conclusion

Index.

Notes:

Description based on print version record.

Includes index.

Other Format:

Print version: Birchmeier, Ralph Reasons to Pass

ISBN:

0-231-55680-2

OCLC:

1372297915