margin of safety Archives

Home » margin of safety

Don’t close your 401(K)

Dave Farquhar Investing June 27, 2016February 25, 2020margin of safety, stock market, warren buffett, wilshire 5000

So the UK voted to leave the EU, key political figures resigned, North Ireland and Scotland might want to leave the UK, and the stock market went into a free fall. What does it all mean? I don’t know, and nobody does. But don’t panic and close your 401(K) or move all the money into bonds.

I’ve seen this before.

Dave Farquhar

David Farquhar is a computer security professional, entrepreneur, and author. He started his career as a part-time computer technician in 1994, worked his way up to system administrator by 1997, and has specialized in vulnerability management since 2013. He invests in real estate on the side and his hobbies include O gauge trains, baseball cards, and retro computers and video games. A University of Missouri graduate, he holds CISSP and Security+ certifications. He lives in St. Louis with his family.

dfarq.homeip.net

A penny-book author’s take on secondhand sales, physical and digital

Dave Farquhar Copyright March 9, 2013January 23, 2022margin of safety, supply and demand, Wayne Wesolowski

There was talk on Slashdot on Friday about reselling digital media, and typical sky-is-falling predictions saying that secondhand sales will drive down prices and drive artists out of business. “Look!” some say. “There are used books on Amazon that sell for a penny!”

Yes there are. My book was one of those, until Windows 95 became old enough that retro computing enthusiasts became interested in it. Now when I want to buy a copy, I have to compete with those hipsters. But you know what? Copies of my book selling for a penny never bothered me. I’ll tell you why.

Dave Farquhar

dfarq.homeip.net