The Most Misunderstood Investing Concepts: Portfolio Management

Posted by Jason Apollo Voss on May 26, 2020 in Blog, Most Misunderstood Investing Concepts, The Most Misunderstood Investing Concepts | 0 comments In this edition of The Most Misunderstood Investing Concepts I discuss portfolio management, which, in my opinion is overwrought. In case you have missed other pieces in this series here are links to each of them: Fair value and its evil twin, target price; Time horizon and its subterranean influence on investors’ thinking; PEG ratios and the ignorance of the math underlying them; When valuing a...
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The Most Misunderstood Investing Topics: Alpha is Creativity

Posted by Jason Apollo Voss on Oct 22, 2019 in Blog, Most Misunderstood Investing Concepts, The Most Misunderstood Investing Concepts | 0 comments In this edition of The Most Misunderstood Investing Concepts I discuss the notion that α is creativity. In case you have missed other pieces in this series here are links to each of them: Fair value and its evil twin, target price; Time horizon and its subterranean influence on investors’ thinking; PEG ratios and the ignorance of the math underlying them; When valuing a business, growth is not...
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The Most Misunderstood Investing Concepts: Risk ≠ Volatility

Posted by Jason Apollo Voss on Oct 8, 2019 in Blog, Most Misunderstood Investing Concepts | 0 comments If you have followed my writing for any length of time you surely know that I hate the concept of volatility in investing. It is used as a proxy for risk and honestly that is a disaster for our industry, and for our end clients. Though I have covered this ground previously, I do not think I have covered it in as detailed a fashion as I do below. First, though, here are the other editions of this...
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The Most Misunderstood Investing Concepts: Growth is Not Free

Posted by Jason Apollo Voss on Sep 24, 2019 in Blog, Most Misunderstood Investing Concepts | 0 comments My absence from the writing stage is a great example of life disagreeing with your priorities. In case you did not know it, I started a new business in February, Active Investment Management (AIM) Consulting, LLC. Those of you starting your own business know just what this entails. Ironically this plays into this article’s theme. Apologies for my long absence. Time and space are clearing, and I...
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The Most Misunderstood Investing Concepts: PEG Ratios

Posted by Jason Apollo Voss on Apr 16, 2019 in Blog, Most Misunderstood Investing Concepts | 0 comments This is part three in a multi-part series on the most misunderstood investing concepts with this edition covering that classic valuation short-hand, the PEG Ratio. As a brief review, article one discussed many in the investment business do not fully understand fair value, while article two expressed my belief that time horizon is also a classic source of confusion. Despite having authored an...
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The Most Misunderstood Investing Concepts: Time Horizon

Posted by Jason Apollo Voss on Apr 2, 2019 in Blog, Most Misunderstood Investing Concepts, The Most Misunderstood Investing Concepts | 0 comments Several weeks ago, I began a new series of articles. In that first piece I discussed that fair value is one of the most misunderstood investing concepts. This edition discusses time horizon and the ways in which it is misunderstood.   Time Horizon Is Usually Subterranean I have said for years that almost every debate in investing and between investors can be resolved by first having...
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The Most Misunderstood Investing Concepts: Fair Value

Posted by Jason Apollo Voss on Mar 20, 2019 in Blog, Most Misunderstood Investing Concepts | 0 comments To my many loyal readers who have asked where I have been for the last several months, my apologies for the absence. I have been busy with many projects, including the launching of my new business Active Investment Management (AIM) Consulting, LLC. I would love to earn your trust as my client! Next, I have been putting the finishing touches on a recently co-authored book with C. Thomas Howard,...
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