The Aleph Blog
Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control
Disclaimer
David Merkel is an investment professional, and like every investment professional, he makes mistakes. David encourages you to do your own independent "due diligence" on any idea that he talks about, because he could be wrong. Nothing written here, at RealMoney, Wall Street All-Stars, or anywhere else David may write is an invitation to buy or sell any particular security; at most, David is handing out educated guesses as to what the markets may do. David is fond of saying, "The markets always find a new way to make a fool out of you," and so he encourages caution in investing. Risk control wins the game in the long run, not bold moves. Even the best strategies of the past fail, sometimes spectacularly, when you least expect it. David is not immune to that, so please understand that any past success of his will be probably be followed by failures.
Also, though David runs Aleph Investments, LLC, this blog is not a part of that business. This blog exists to educate investors, and give something back. It is not intended as advertisement for Aleph Investments; David is not soliciting business through it. When David, or a client of David's has an interest in a security mentioned, full disclosure will be given, as has been past practice for all that David does on the web. Disclosure is the breakfast of champions.
Additionally, David may occasionally write about accounting, actuarial, insurance, and tax topics, but nothing written here, at RealMoney, or anywhere else is meant to be formal "advice" in those areas. Consult a reputable professional in those areas to get personal, tailored advice that meets the specialized needs that David can have no knowledge of.
Aleph Blog Feed- Book Review: Panic, Prosperity, and Progress
- Book Review: Reducing the Risk of Black Swans
- Understanding Insurance Float
- On Berkshire Hathaway and Asbestos
- On Learning Compound Interest Math
- A Letter from a Young Investor
- On Several Questions from a Reader
- On Current Credit Conditions
- Book Review: The Risk Wise Investor
- Book Review: The Secret Club that Runs the World
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- Recent Comments
- David Merkel: The P&C underwriting cycle has been pretty benign for the last 10-12 years, partly because...
- JoseOle: Re: As such, underwriting suffered, and overall insurance profitability was bad. I was wondering if the...
- David Merkel: This is why traditionally P&C insurers invest their premium reserves in money market instruments,...
- Gil Meriken: I’m sure my understanding of float is too simple, because it seems like all you are doing is...
- David Merkel: Life insurers don’t have float, or at least, almost no one thinks of it that way. The policies...
- Recent Trackbacks
- Marty Investor: Understanding Insurance Float – The Aleph Blog
- Marty Investor: On Berkshire Hathaway and Asbestos – David Merkel – The Aleph Blog
- Abnormal Returns: Top clicks this week on Abnormal Returns
- Abnormal Returns: Friday links: investor class attentions
- Marty Investor: On Current Credit Conditions – David Merkel – The Aleph Blog
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