Buy deep and don’t act impulse
The Filipino collector Lito Camacho (vice chairman of Credit Suisse in Asia) and his partner Kim have amassed over a 100 paintings by octogenarian artist Yayoi Kusama. They followed a “buying deep” strategy by selling lesser valued works from their collection to purchase better ones over the years. This strategy has paid off handsomely as the value of their collection has grown by 20 to 30 times. Lito says that art has been their best performing asset; far ahead of stocks, bonds, private equity or real estate. Neophytes looking to invest in art should visit fairs to get exposed to a variety of art assets. But visiting a fair with thousands of works on display is like going to a pet shop where every puppy looks cute. The couple says that it is important to know your weaknesses and blind spots as a buyer, avoid impulsiveness, and act rationally with a cool mind.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.