Stefan Baginski has accepted nomination form ECBD (www.ecbdconsulting.ca) as Senior Associate. With over 30 years of experience in the global marketplace he is bringing expertize in high technology, mil and aerospace, energy and power energy, P&L, business development, sales and marketing.
We all looking forward to expanding our activities. With offices in North America, Europe and soon in the Middle East ECBD can serve its clients in critical areas and with the right type of people.
2012/02/22
Understanding Long-term Investing
Lance Spicer, Editor - Trident Confidential, 6 Feb, 2:44 PM
Most investors want to be just like Warren Buffett, but few, when given the chance will invest like him. Most invest in exactly the opposite way – they then lose money and constitute the majority of investors who rarely do overly well in stocks.Investing just like Warren Buffett is easy, but very few people can do it. They lack one vital thing – patience.
The average investor is not an investor at all – they are “speculators”. They judge their investments based on daily, weekly or monthly movements. They make decisions to buy or sell based not on the long-term outlook of a business, but what happened yesterday, or become caught up in the fear of what might happen tomorrow – this is speculation, not investing.
Most investors are guilty of it and due to the pressure of quick returns, investment professionals (who should know better) also get caught up with it, as they feel that if they don’t follow the bad habits of their customers they will be subject of criticism or redemptions if the results aren’t there in the short-term.
This is a major mistake and one that many fund managers make today. It turns most fund managers into “mediocrity-seeking, index-huggers” that would rather be wrong and average, rather than be right and above average because the time frame of the average investor is so short that wrong and average is “safer”.
It’s best to illustrate this by looking at a Warren Buffett favourite – Coca Cola. As we well know, Warren is famous for saying his holding period of a stock is forever and nothing shows and explains his success and the failure of the average investor better than this chart below.
Warren and average investors both invested in exactly the same stock
and at similar entry points, and even if Warren had bought when everyone
else did, he still would be up 34%. The difference was the holding
period. The average investor sold a perfectly good company – ignoring
all fundamentals, exactly the same fundamentals they relied on so much
to buy the stock in the first place – and sold at 19% loss.This is the
story of their investment lives. Warren on the other hand is up 54% in
exactly the same stock.
(Please note: This stock was chosen as an example as it is one that Warren is just an ordinary investor in, like any other person is, and has no extra influence or information about the share.)
It’s pointless doing all the research and finding a great investment for the long-term, if at the first sign of trouble, you dump the lot, take a loss and go to cash. It seems to me that most investors forget what they have invested in and have disregarded common sense totally.
Let me give you one more example of less than sensible behaviour. Just say you own a coffee shop, it’s profitable, it has it’s bad days and good days – but over a given period, the business is good. Now, you buy the newspaper and you read that economic conditions could get worse next year, do you immediately put up a for sale sign? Only to take it down a week later when you realise the journalist overstated the issue. No, of course you don’t – so why do it with the other businesses you own - your shares?
The Warren Buffett Investing Secret? He buys when everyone is selling, he buys the right companies and then holds them for a very long time.
The “average investor” does not do this – the average investor wants profits right now and has no patience to wait for results.
The reason? They don’t understand the companies they have invested in, so therefore buy them in ignorance, and sell them the same way. The “average investors” are the first to become “greedy” and the first to become “panicked” – they are not equipped emotionally and therefore the market moves against them every time.
Successful investors are contrarian – they go against the “crowd”.
For more information on our program click here
(Please note: This stock was chosen as an example as it is one that Warren is just an ordinary investor in, like any other person is, and has no extra influence or information about the share.)
It’s pointless doing all the research and finding a great investment for the long-term, if at the first sign of trouble, you dump the lot, take a loss and go to cash. It seems to me that most investors forget what they have invested in and have disregarded common sense totally.
Let me give you one more example of less than sensible behaviour. Just say you own a coffee shop, it’s profitable, it has it’s bad days and good days – but over a given period, the business is good. Now, you buy the newspaper and you read that economic conditions could get worse next year, do you immediately put up a for sale sign? Only to take it down a week later when you realise the journalist overstated the issue. No, of course you don’t – so why do it with the other businesses you own - your shares?
The Warren Buffett Investing Secret? He buys when everyone is selling, he buys the right companies and then holds them for a very long time.
The “average investor” does not do this – the average investor wants profits right now and has no patience to wait for results.
The reason? They don’t understand the companies they have invested in, so therefore buy them in ignorance, and sell them the same way. The “average investors” are the first to become “greedy” and the first to become “panicked” – they are not equipped emotionally and therefore the market moves against them every time.
Successful investors are contrarian – they go against the “crowd”.
For more information on our program click here
2011/12/01
Counterfeit components cost more than US dollars, SIA testifies
Counterfeit components cost more than US dollars, SIA testifies: US semiconductor companiesface more than$7.5 billion in counterfeitingcosts...
2011/09/17
Designing new Formula 1 bolid, will open many doors for your future
Upon a successful completion of the McLaren project, IMU Group Swiss was invited to take part in design of a new Formula 1 vehicle. If you are interested yourself or know talented individuals with experience in CATIA NX5 or NX7, participation in this project will open many doors to your future. For more details, pease inquire Mrs. Jenny: jenny.ann@bluewin.ch
2011/08/25
CERN’s CLOUD experiment provides unprecedented insight into cloud formation
Geneva, 25 August 2011. In a paper published in the journal Nature today, the CLOUD* experiment at CERN** has reported its first results. The CLOUD experiment has been designed to study the effect of cosmic rays on the formation of atmospheric aerosols - tiny liquid or solid particles suspended in the atmosphere - under controlled laboratory conditions. Atmospheric aerosols are thought to be responsible for a large fraction of the seeds that form cloud droplets. Understanding the process of aerosol formation is therefore important for understanding the climate.
The CLOUD results show that trace vapours assumed until now to account for aerosol formation in the lower atmosphere can explain only a tiny fraction of the observed atmospheric aerosol production. The results also show that ionisation from cosmic rays significantly enhances aerosol formation. Precise measurements such as these are important in achieving a quantitative understanding of cloud formation, and will contribute to a better assessment of the effects of clouds in climate models.
“These new results from CLOUD are important because we’ve made a number of first observations of some very important atmospheric processes,” said the experiment’s spokesperson, Jasper Kirkby. “We’ve found that cosmic rays significantly enhance the formation of aerosol particles in the mid troposphere and above. These aerosols can eventually grow into the seeds for clouds. However, we’ve found that the vapours previously thought to account for all aerosol formation in the lower atmosphere can only account for a small fraction of the observations - even with the enhancement of cosmic rays."
Atmospheric aerosols play an important role in the climate. Aerosols reflect sunlight and produce cloud droplets. Additional aerosols would therefore brighten clouds and extend their lifetime. By current estimates, about half of all cloud droplets begin with the clustering of molecules that are present in the atmosphere only in minute amounts. Some of these embryonic clusters eventually grow large enough to become the seeds for cloud droplets. Trace sulphuric acid and ammonia vapours are thought to be important, and are used in all atmospheric models, but the mechanism and rate by which they form clusters together with water molecules have remained poorly understood until now.
The CLOUD results show that a few kilometres up in the atmosphere sulphuric acid and water vapour can rapidly form clusters, and that cosmic rays enhance the formation rate by up to ten-fold or more. However, in the lowest layer of the atmosphere, within about a kilometre of Earth's surface, the CLOUD results show that additional vapours such as ammonia are required. Crucially, however, the CLOUD results show that sulphuric acid, water and ammonia alone – even with the enhancement of cosmic rays - are not sufficient to explain atmospheric observations of aerosol formation. Additional vapours must therefore be involved, and finding out their identity will be the next step for CLOUD.
“It was a big surprise to find that aerosol formation in the lower atmosphere isn’t due to sulphuric acid, water and ammonia alone,” said Kirkby. “Now it’s vitally important to discover which additional vapours are involved, whether they are largely natural or of human origin, and how they influence clouds. This will be our next job.”
The CLOUD experiment consists of a state-of-the-art chamber in which atmospheric conditions can be simulated with high control and precision, including the concentrations of trace vapours that drive aerosol formation. A beam of particles from CERN’s Proton Synchrotron accelerator provides an artificial and adjustable source of cosmic radiation.
Further information:
Contact
CERN Press Office, press.office@cern.ch
+41 22 767 34 32
+41 22 767 21 41
http://www.cern.ch/Press
Link to CLOUD backgrounder:
http://press.web.cern.ch/press/PressReleases/Releases2011/downloads/CLOUD_SI_press-briefing_29JUL11.pdf
Link to videos:
Video News Release: http://cdsweb.cern.ch/record/1364842
CERN News: http://cdsweb.cern.ch/record/1370582
Link to graphic:
http://cdsweb.cern.ch/record/1375156
Link to CLOUD photos:
http://cdsweb.cern.ch/record/1374405
http://cdsweb.cern.ch/record/1221293
Follow CERN at:
www.cern.ch
http://twitter.com/cern/
http://www.youtube.com/user/CERNTV
http://www.quantumdiaries.org/
The CLOUD results show that trace vapours assumed until now to account for aerosol formation in the lower atmosphere can explain only a tiny fraction of the observed atmospheric aerosol production. The results also show that ionisation from cosmic rays significantly enhances aerosol formation. Precise measurements such as these are important in achieving a quantitative understanding of cloud formation, and will contribute to a better assessment of the effects of clouds in climate models.
“These new results from CLOUD are important because we’ve made a number of first observations of some very important atmospheric processes,” said the experiment’s spokesperson, Jasper Kirkby. “We’ve found that cosmic rays significantly enhance the formation of aerosol particles in the mid troposphere and above. These aerosols can eventually grow into the seeds for clouds. However, we’ve found that the vapours previously thought to account for all aerosol formation in the lower atmosphere can only account for a small fraction of the observations - even with the enhancement of cosmic rays."
Atmospheric aerosols play an important role in the climate. Aerosols reflect sunlight and produce cloud droplets. Additional aerosols would therefore brighten clouds and extend their lifetime. By current estimates, about half of all cloud droplets begin with the clustering of molecules that are present in the atmosphere only in minute amounts. Some of these embryonic clusters eventually grow large enough to become the seeds for cloud droplets. Trace sulphuric acid and ammonia vapours are thought to be important, and are used in all atmospheric models, but the mechanism and rate by which they form clusters together with water molecules have remained poorly understood until now.
The CLOUD results show that a few kilometres up in the atmosphere sulphuric acid and water vapour can rapidly form clusters, and that cosmic rays enhance the formation rate by up to ten-fold or more. However, in the lowest layer of the atmosphere, within about a kilometre of Earth's surface, the CLOUD results show that additional vapours such as ammonia are required. Crucially, however, the CLOUD results show that sulphuric acid, water and ammonia alone – even with the enhancement of cosmic rays - are not sufficient to explain atmospheric observations of aerosol formation. Additional vapours must therefore be involved, and finding out their identity will be the next step for CLOUD.
“It was a big surprise to find that aerosol formation in the lower atmosphere isn’t due to sulphuric acid, water and ammonia alone,” said Kirkby. “Now it’s vitally important to discover which additional vapours are involved, whether they are largely natural or of human origin, and how they influence clouds. This will be our next job.”
The CLOUD experiment consists of a state-of-the-art chamber in which atmospheric conditions can be simulated with high control and precision, including the concentrations of trace vapours that drive aerosol formation. A beam of particles from CERN’s Proton Synchrotron accelerator provides an artificial and adjustable source of cosmic radiation.
Further information:
Contact
CERN Press Office, press.office@cern.ch
+41 22 767 34 32
+41 22 767 21 41
http://www.cern.ch/Press
Link to CLOUD backgrounder:
http://press.web.cern.ch/press/PressReleases/Releases2011/downloads/CLOUD_SI_press-briefing_29JUL11.pdf
Link to videos:
Video News Release: http://cdsweb.cern.ch/record/1364842
CERN News: http://cdsweb.cern.ch/record/1370582
Link to graphic:
http://cdsweb.cern.ch/record/1375156
Link to CLOUD photos:
http://cdsweb.cern.ch/record/1374405
http://cdsweb.cern.ch/record/1221293
Follow CERN at:
www.cern.ch
http://twitter.com/cern/
http://www.youtube.com/user/CERNTV
http://www.quantumdiaries.org/
2011/08/12
2011/08/05
From Financial Crisis to Fiscal Crisis in 2 years
HOWEVER bad the economic crisis in southern Europe may be for investors, it is proving lethal for the area’s political leaders. In March José Sócrates, Portugal’s beleaguered prime minister, resigned. Soon afterwards his Spanish counterpart, José Luis Rodríguez Zapatero, announced his intention to step down. In June George Papandreou, Greece’s prime minister, came close to ejection during a fierce debate over an austerity package.
So as he stood up to make the first of two eagerly awaited speeches to parliament on August 3rd, Italy’s prime minister, Silvio Berlusconi, may have had an uneasy feeling he was one in a line of dominoes. If so, there was nothing in the style or content of his address to suggest it. Nor was there much to indicate that he appreciated the magnitude of the crisis facing the euro or the case for drastic action to tackle it.
We are moving away from the financial crisis of 2007-2009 and find ourselves in the Fiscal Crisis that makes politicians fleeing responsibilities and seek help: to be bailed out by whom? By the electorate?
Leaders like Angie Merkel suffer on the home front, she is all but disappeared from the headlines, maybe only because of the summer vacations, but I do not think so. Sarkozy, who was bragging in front of French TV, that he was winning 95% of what he wanted from Germany on bailing out Greece. Surely the €75 billions that French banks have invested in Greece are weighing much less than a year ago, but only because € lost a lot in its waist line. And in the USA, lack of leadership, and a weak one has very little to offer in terms of comforting the Wall Street (which has proved often it does not behave much rationally) nor Congressmen who have enough of that Stimulus talk .
It looks to me that while Wall Street shows drops in index, there is a bunch of determined investors who buy sound investment opps on the cheap and will cash in on the at the end of the year just like in 2010 they did.
In my book, no panic, if the double dip comes really there is nothing we can do as Feds are out of most of their bullets(interest is at 0% already).
So as he stood up to make the first of two eagerly awaited speeches to parliament on August 3rd, Italy’s prime minister, Silvio Berlusconi, may have had an uneasy feeling he was one in a line of dominoes. If so, there was nothing in the style or content of his address to suggest it. Nor was there much to indicate that he appreciated the magnitude of the crisis facing the euro or the case for drastic action to tackle it.
We are moving away from the financial crisis of 2007-2009 and find ourselves in the Fiscal Crisis that makes politicians fleeing responsibilities and seek help: to be bailed out by whom? By the electorate?
Leaders like Angie Merkel suffer on the home front, she is all but disappeared from the headlines, maybe only because of the summer vacations, but I do not think so. Sarkozy, who was bragging in front of French TV, that he was winning 95% of what he wanted from Germany on bailing out Greece. Surely the €75 billions that French banks have invested in Greece are weighing much less than a year ago, but only because € lost a lot in its waist line. And in the USA, lack of leadership, and a weak one has very little to offer in terms of comforting the Wall Street (which has proved often it does not behave much rationally) nor Congressmen who have enough of that Stimulus talk .
It looks to me that while Wall Street shows drops in index, there is a bunch of determined investors who buy sound investment opps on the cheap and will cash in on the at the end of the year just like in 2010 they did.
In my book, no panic, if the double dip comes really there is nothing we can do as Feds are out of most of their bullets(interest is at 0% already).
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