By Nick Colas formerly of Convergex via Barry Ritholz
From Brent Beshore
You only make money if you hold non-consensus views and you are right.
I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you.
My top ten quotes from an excellent blogpost by abnormal returns wisdom blog:
- Morgan Housel @morganhousel: Cut your confidence in half and double your patience.
- Peter Lazaroff @peterlazaroff: Losses are incredibly normal
- Roger Nusbaum @randomroger:: Focus on what you can control.
- David Shvartsman @financetrends: You are bound to make mistakes or endure a string of losses, especially early on in your learning curve.
- Tobias Carlisle @greenbackd: Good things really do take time
- Robert Seawright @rpseawright: Save more (a lot more).
- Andrew Thrasher @andrewthrasher: The long-term trend is your friend.
- Michael Martin @martinkronicle: Turn off the TV and read every day.
- Jeff Carter @pointsnfigures: You cannot beat the market.
- Cullen Roche @cullenroche: Your best investments are likely to be made outside of the financial markets.
Johnson & Johnson (NYSE:JNJ) reported its Q2 results on July 19th 2016, which topped analysts’ estimates, leading the stock higher where it has stabilized since. We listened in on the earnings call and here are three reasons to be modestly bullish on the stock on the back of the Q2 results conference call.
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