5/18/ · Coffee Can Investing was first coined by Robert G. Kirby in a paper written by him in The strategy gets its name because in the old west people who invest in the stock market would receive physical certificates of proof which they would put away in coffee blogger.comted Reading Time: 8 mins The Coffee Can portfolio You can make more money being passively active than actively passive. Robert G. Kirby s uring recent years, there has been a grad- b B + ual but steady increase in the use of index funds by institutional investors. This disturbs me, because I believe that superior investment research and man-File Size: KB 10/6/ · Kirby in his paper titled “The Coffee Can portfolio” famously said: You can make more money being passively active than actively passive. This paper was published in “The Journal for Portfolio Management” in You can read the full paper here. I hope this small anecdote has convinced people to follow the coffee can portfolio approach
Robert Kirby | The Thoughtful Investing Blog
Very few smells in this world can match the divine aroma of roasted coffee. There is no match for the gentle whiff that hits your nose every time a coffee can is opened. Coffee cans began to be widely used in the 19th century to store roasted coffee. Being airtight, these cans not only helped in retaining the freshness of the coffee but also helped in locking in the aroma, thus extending the life and flavor of the coffee.
Coffee cans served another important purpose. Back in the day, most people used them as a container for valuables, cash, trinkets, collectibles etc. Are you asking what coffee cans have to do with investing? Let me introduce you to Robert G. Kirby, one of the greatest investment advisers ever.
A native of Los Angeles, Kirby was a graduate of both Stanford and Harvard. But he spent most of his half-century-plus career with The Capital Group, rob kirby coffee can investing paper, helping build the business of investing for retirement. Kirby also has the distinction of being the only West Coast member of the Presidential Task Force on Market Mechanisms, nicknamed the Brady Commission after its chairman, Nicholas F.
The commission was charged by the then President Regan with examining a massive point sell-off of the Dow Jones Industrial Average DJIA on Oct. To date, it is the largest single day fall, in terms of percentage, that the DJIA has had, closing the day with a staggering I would like to recite an incident here which totally changed the investment outlook of Robert Kirby.
Back in the fifties, rob kirby coffee can investing paper, he had a husband and wife client. In the case of his own portfolio, he tossed the certificates into a safe-deposit box and ignored the investments.
That huge position was the result of a small commitment to a company called Haloid Photographic, which later changed its name to Xerox. The lesson that Kirby learnt was not that an investor should rob kirby coffee can investing paper stocks hoping to find the next Xerox or Infosys or Maruti Suzuki but that a portfolio left alone, with negligible costs, can outperform a portfolio that is constantly tinkered with.
You can read the full paper here. I hope this small anecdote has convinced people to follow the coffee can portfolio approach. Read the disclaimer here. You are commenting using your WordPress. com account. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email.
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Coffee Can Investing Strategy - Proven Way of Long-term Investment
, time: 5:25Coffee Can Investing Book Free PDF Download by Saurabh Mukherjea
5/18/ · Coffee Can Investing was first coined by Robert G. Kirby in a paper written by him in The strategy gets its name because in the old west people who invest in the stock market would receive physical certificates of proof which they would put away in coffee blogger.comted Reading Time: 8 mins The Coffee Can portfolio You can make more money being passively active than actively passive. Robert G. Kirby s uring recent years, there has been a grad- b B + ual but steady increase in the use of index funds by institutional investors. This disturbs me, because I believe that superior investment research and man-File Size: KB 2/4/ · Coffee Can Portfolio is a concept based on the research done by Rob Kirby. In simple words, one selects a list of stocks or mutual funds and invests in them, and then literally forgets about it. The Coffee Can portfolio concept harkens back to the Old West, when people put their valuable possessions in a coffee can and hid it under-the blogger.comted Reading Time: 3 mins
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