Investment Management Associates, Inc

10/04/2022

"Your email indicates that though you entrusted your assets to us, you have not bought into our investment philosophy.

You’ll end up doing what most investors do – buying high and selling low.

This is why being the right fit with IMA is so important."

https://contrarianedge.com/ima-is-not-for-everyone-im-fine-with-that/

07/05/2022

The principles of value sound great, but in the chaos of our daily lives it is so easy for them to turn into empty slogans. That's why I wrote an entire chapter of my upcoming book on how we integrate value investing principles into our "investment operating system" at IMA.

You can get it at the link below: https://contrarianedge.com/the-6-commandments-of-value-investing/

04/25/2022

We are experiencing a perfect storm of inflation, formed by seemingly small factors. Each on its own may not be particularly significant, but once combined they result in an event that significantly exceeds the sum of all parts.

I provide an update on my previous inflation articles, and the risks I see on the horizon.

Read more here: https://contrarianedge.com/inflation-update-not-transitory-yet/

02/09/2022

You lend $100 to your neighbor.

A year later he knocks on your door and repays you $95.

You had to pay him $5 for forgoing your consumption of $100 for a year!

Try to explain this logic to your kids.

We tried to explain it to ours and failed miserably.

https://contrarianedge.com/searching-yield-better-look-humility-patience/

01/12/2022

In the “I don’t know” world, second-best hands when you bet on inflation or deflation are acceptable on a single stock position level (you can survive them) but are extremely dangerous, maybe fatal, on an overall portfolio level.

Read more here: https://contrarianedge.com/investment-lessons-learned-from-the-poker-table/

12/22/2021

When Apple crashed to (pre-split) $450 in early 2013, we bought a little for our clients. It turned out to be one of our most controversial (see below).

Read how it turned out in our case study series: https://imausa.com/case-study/

11/02/2021

I lived under socialism, and both of my able, highly educated parents struggled to find food on a regular basis for our family.

Socially responsible on an institutional level is a utopian concept, just like socialism.

It is simply impractical.

https://contrarianedge.com/socially-irresponsible-investing/

10/05/2021

When you compare the technology inside an EV car like a Tesla, compared to that of a traditional ICE car, there's no comparison. The EV car simply better, a leap forward in terms of tech.

What does this imply for in ICE and EV carmakers? Will Tesla win the future of the auto industry?

Here's how I think about it:

When you compare the technology inside an EV car like a Tesla, compared to that of a traditional ICE car, there's no comparison. The EV car simply better, a ...

09/22/2021

While the rest of the market panics, value investors like Warren Buffett see recessions as opportunities.

In this series, I cover:

What is ?

How do you avoid emotional buys and sells?

What do you pick when the is unstable?

Read more here: https://contrarianedge.com/the-6-commandments-of-value-investing/

09/13/2021

Suddenly, something changed. I could not ski.

An instructor told me I do well on groomed slopes because they allow me to go fast without trying hard.

Similarly, ubiquitously rising valuations cover up a lot of mistakes and often a lack of skill.

Read more here: https://contrarianedge.com/downhill-racing-meets-value-investing/

08/24/2021

How are current conditions like skiing?

In this short video, I share a metaphor that relates the market today to downhill skiing, and how investing isn't as safe or easy as it seems.

08/06/2021

Wall St glorifies that repeatedly beat quarterly estimates.

But beating earnings for a few quarters doesn’t necessarily lead to long-term greatness.

Quarterly misses and beats show only what is seen, but true are able to see the unseen.

Read more here: https://contrarianedge.com/beats-misses-seen-unseen/