O'Reilly logo

The Large-Cap Portfolio, + Web site: Value Investing and the Hidden Opportunity in Big Company Stocks by Thomas Villalta

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 2

Risk and Uncertainty

As this book progresses, I’ll talk increasingly about uncertainty. Uncertainty is the crux of all investments. Its estimation becomes the basis for valuation, and our approach to it becomes either our greatest advantage or our Achilles heel. Part II of this book will talk about market inefficiency, and the reader will find that the way individuals approach uncertainties will play an over-sized role. Part III of this book will talk about investment analysis and portfolio management. Once again, our approach to uncertainties, as practitioners, will play an oversized role in our objective assessments of valuation.

In the context of investments, uncertainties abound. I’ll note later in Part III that all of the numbers ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required