Advice

Be cautious where you seek advice.  Expertise is not transferable.  If you have cancer you don’t go to a cardiologist. Seems like a simple concept but smart people frequently seek counsel from unworthy sources. Consider JCPenney appointing Ron Johnson as CEO.  Johnson is brilliant.  Johnson is so cool. He was the VP of Merchandising forContinue reading “Advice”

Being right even when you’re wrong…protecting your position with options

At Investable Wealth, LLC we strongly believe in protecting our equity positions with options.  A well researched position can fail for many reasons.  Stocks with excellent fundamentals and “proper” charts usually fail 30-40% of the time.  Add to that the threat of unforeseen news/events, a flash crash or just plain bad luck- no stock isContinue reading “Being right even when you’re wrong…protecting your position with options”