Cove Street Capital requires a modern browser to look and function properly. Internet Explorer stopped receiving updates in January 2020. Using it may cause display issues on our website, and put your own online security at risk. We highly recommend switching to a secure modern web browser such as Chrome, Edge, Firefox, or Safari.

You Still Don’t Know Jack and You Never Will

Thanks for Re-Tip from the Byrne at the Diff for something I have read periodically since 1983.

Translation? The world’s a big place and you cannot help not knowing Jack. Every stock you buy often has someone selling it for the 180 degree opposite conclusion. (Except when you are buying from a forced sale – call me if you are being fired and need to sell.)

There are snippets of people who will always know more than you on almost every topic. (https://goodjudgment.com/)

So investing then becomes fiendishly simple: get Colin Powell 67% educated on the topic at hand, and invert the current valuation to determine just how right you have to be at the current price. Buying 25 “our downside seems boredom which enables us to preserve the option of “what if we are are right” scenarios seems to mostly work over time.

Important Notice

You are now leaving Cove Street Capital’s website and entering Cove Street’s Mutual Fund website.