A brief note…  The Informed Investor used to be a free-standing blog.  It’s purpose is to serve purely as an educational tool.  These are articles that discuss various investing disciplines and approaches.  There are no stock recommendations here.  The Informed Investor still exists separately but, with the expansion of our “Market Wisdom” pages contiguous to this one, it made sense to bring these articles here.  You are welcome to peruse the Market Wisdom page and drop-downs as well.  And if you are interested in portfolio management or our investment letter, you are welcome to explore our site further.  No obligation, and we don’t “track” anybody here!