Personal Finance and Investing

Research, Education, Associations, and Portfolios


Thought for the Week

Warren Buffet, 1993 Berkshire Hathaway Annual Report:

"The strategy we've adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it."

"... Obviously, every investor will make mistakes. But by confining himself to a relatively few, easy-to-understand cases, a reasonably intelligent, informed and diligent person can judge investment risks with a useful degree of accuracy."

In recent years, as my age and my income have both "improved," I have become more interested and involved in investing and financial planning. As a teenager, I had a passing interest in investing, took a few classes, and dabbled in the stock market without any real understanding or long-term commitment. The outcome was, predictably, disappointing. More recently, after more thorough study and research, my efforts have met with greater success, although my portfolio is still relatively small.

I generally rely on NAIC (National Association of Investment Clubs) research guidelines, but I also seek out further information, both systematic and unique to each company. I highly recommend membership in the NAIC for its research and educational support of investors.

The following links lead to WWW links that I return to frequently for their research, informational, and educational value.



Investment Associations & Analysts

News, Education & Research

DotNational Assoc. of Investors Corporation DotCNN Financial News
DotAmerican Association of Individual Investors DotStockWizard
DotTIAA-CREF DotInvestorNet
DotTD Ameritrade
DotStreetAdvisor DotYoung Money
DotActive Traders Network DotW3OTC: Small stock discovery
DotFinancial Engines Investment Advisor DotValueLine
DotRaging Bull DotYahoo's financial investing
DotThe Motley Fool DotThe Starting Point
DotEarnings Whispers DotInvest-O-Rama
DotEducational Employees Credit Union DotInvestor Protection Trust



I can be reached by e-mail, snail-mail, telephone, or fax at:


Texas Christian University
Department of Management
Box 298530
Fort Worth, Texas 76129 USA

Tel: (817) 257-7548
Fax: (817) 257-7227
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