Who Is Whitney Tilson ?


wealthymatters.com 

Whitney Tilson is a Harvard MBA ,a disciple of the Graham-Dodd -Buffett-Munger school of value investing , an author and a respected value investor.He has also spoken widely on behavioural finance.

He is one of the authors of Poor Charlie’s Almanack.(Click here for more about Poor Charlie’s Almanack https://wealthymatters.com/2011/02/12/poor-charlies-almanack/). He has also authored The Value Investing Course: Essential Strategies for Market-Beating Returns , where he takes the lifelong process of learning how to identify profitable investment opportunities and streamlines these lessons into strategies that will help the reader build a successful investment portfolio’.He also writes a regular column on value investing for the Financial Times and Kiplinger’s and has written for the Motley Fool and TheStreet.com.You can read some of his articles here: http://www.tilsonfunds.com/

Whitney Tilson co-manages T2 Partners LLC with Glenn H. Tongue; this comprises three value-oriented private investment partnerships viz. T2 Accredited Fund, LP ; Tilson Offshore Fund, Ltd ; T2 Qualified Fund, LP and the Tilson Mutual Funds, composed of two value-based mutual funds, Tilson Focus Fund and Tilson Dividend Fund.Whitney Tilson also led the effort to create ICV Partners, a for-profit private equity fund focused on minority-owned and inner-city businesses that has raised nearly $500 million. Read more of this post

Psychology And Bad Market Timing.


wealthymatters.comEvery stock investor whether a technical or fundamental or value investor ultimately needs to take a call on whether he/she wishes to buy or sell at the price Mr. Market sets at any given time.How much an investment ultimately nets a person depends on the timing of the buy and sell decision and the actual price at which the transaction takes place,despite all the theories of averaging out and time in the market and reversion to the mean.

The following is a checklist of mental mistakes that may affect a person’s decision to buy or sell and cost a him/her dearly. The checklist is from Whitney Tilson’s presentation ‘How to Avoid – and Profit From – Manias,Bubbles and Investor Irrationality”

•Failing to Buy

–Status quo bias

–Regret aversion

–Choice paralysis

–Information overload

–Hope that stock will go down further (extrapolating recent past into the future; greed) or return to previous cheaper price (anchoring)

–Regret at not buying earlier (if stock has risen)

•Office Depot at $8 (vs. $6) Read more of this post