We all know that diversification can help you protect your portfolio from volatility. But if you want to maximize your returns, you have to be willing to invest with conviction.
One proponent of this philosophy is renowned investor Phil Fisher, who wrote one of the investing world’s most respected books, Common Stocks, Uncommon Profits. He also popularized the concept of “scuttlebutt,” whereby an investor digs for the inside story on a company by talking with employees, customers, suppliers, and others who have unique views on businesses.
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Before last year, nobody thought too much about money market mutual funds. But 2008′s cataclysmic events brought the money market industry to the brink of destruction. Amid a recent resurgence of relative calm, the SEC met late last month to discuss the future of money market funds. At issue: what will happen to the fear-induced [...]
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U.S. stocks rallied more than 2 percent on Monday as bullish comments on financial sector performance from analyst Meredith Whitney lifted hopes that banks’ quarterly results may be stronger than expected.
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