Sublime

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Windsor was not fancy. As in tennis, I tried to keep the ball in play and let my adversaries make mistakes. I picked stocks with low p/e multiples primed to be upgraded in the market if they were deserving, and endeavored to keep losers at break-even levels. Usually, I returned home with more assets in the Windsor Fund than the day before. And I

The debate over top-down versus bottom-up investing has always seemed a little fuzzy to Inc. I just keep an eve on the economy and ask, where is a sector that's overdue for recognition:

My lessons are simple. For Americans (as an example), I recommended a US stock index, an international stock index, and a US bond market index. Investors should add money every month. Ignore investment forecasts. Rebalance once a year to maintain a constant allocation.

All four primary sources of wealth creation represented in the Forbes 400 involve “idiosyncratic risk”—the kind of risk that, according to the tenets of modern portfolio theory, “rational” investors can and should eliminate by diversification. Yet most of the people on the list believed, and still believe, that focusing on what they know best is

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Loading up your portfolio with risky, all-or-nothing stocks—in other words, swinging for the fences on every pitch—is a sure route to investment disaster.