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	<title>Uncategorized &#8211; Rational Thinking</title>
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	<link>https://rationalthinking.net</link>
	<description>Analysis And Portfolios For Rational Investing</description>
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		<title>Key Takeaways From Fundsmith’s Annual Letters by Terry Smith</title>
		<link>https://rationalthinking.net/key-takeaways-from-fundsmiths-annual-letters-by-terry-smith/</link>
		
		<dc:creator><![CDATA[Rational thinking]]></dc:creator>
		<pubDate>Fri, 09 Feb 2024 18:48:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=161143</guid>

					<description><![CDATA[Terry Smith, the CEO/CIO of Fundsmith, writes an interesting annual report that is well worth reading. He goes one step further than most money managers by delving into a range-wide of subjects, usually with the intelligent and sarcastic British humor. The letters are not so long, but as a reference, we have quoted the most...]]></description>
		
		
		
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		<item>
		<title>The Foolishness Of Dividend Investing</title>
		<link>https://rationalthinking.net/the-foolishness-of-dividend-investing/</link>
					<comments>https://rationalthinking.net/the-foolishness-of-dividend-investing/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=953</guid>

					<description><![CDATA[This is a very short article based on two much longer articles: Sell shares to create &#8220;income&#8221; The marginal rate of return/incremental return The case against DRIP and compounding dividends On the 30th of April 2020, Royal Dutch Shell cut their dividend by 67% (I have a tiny position in the stock – 0.05% of...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Book Review: Poker Sex And Dying &#8211; The Heart Of A Gambler</title>
		<link>https://rationalthinking.net/book-review-poker-sex-and-dying-the-heart-of-a-gambler/</link>
					<comments>https://rationalthinking.net/book-review-poker-sex-and-dying-the-heart-of-a-gambler/#comments</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=959</guid>

					<description><![CDATA[Poker, Sex and Dying is the title of a book by Juel Anderson published some time in the early 1980s. Some years after publication it was out of print and somewhat forgotten, but accidentally option investor David Caplan found a copy in a second-hand store. He was so impressed by the content that he purchased...]]></description>
		
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			<slash:comments>1</slash:comments>
		
		
			</item>
		<item>
		<title>Dividend Investing: The Marginal Rate Of Return/Incremental Return (Incremental Return On Investment)</title>
		<link>https://rationalthinking.net/dividend-investing-marginal-rate-of-return-incremental-return/</link>
					<comments>https://rationalthinking.net/dividend-investing-marginal-rate-of-return-incremental-return/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=1010</guid>

					<description><![CDATA[The marginal rate of return is the most important factor to compound efficiently. In the long run, your pension is more dependent on the marginal rate of return than the original investment. If you are into dividend investing, you really ought to study the marginal rate of return on your investments. We argue that dividend...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>The Case Against DRIP And Compounding Dividends (Arguments Against Compounding Dividends)</title>
		<link>https://rationalthinking.net/drip-investing-is-inferior-to-internal-compounding/</link>
					<comments>https://rationalthinking.net/drip-investing-is-inferior-to-internal-compounding/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=1040</guid>

					<description><![CDATA[Compounding dividends and DRIP investing are popular. That is understandable because dividends have been a significant contributor to long-term gains in the stock market. It&#8217;s essential that you reinvest dividends to get the returns of the market, but many investors mistakenly focus solely on dividend stocks because of this. But a company has many opportunities...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Accenture: Compounder And Dividend Growth Stock</title>
		<link>https://rationalthinking.net/accenture-compounder-and-dividend-growth-stock/</link>
					<comments>https://rationalthinking.net/accenture-compounder-and-dividend-growth-stock/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=1078</guid>

					<description><![CDATA[Introduction and summary: I have been a shareholder in Accenture for many years and the only regret I have is that I don&#8217;t have a bigger position. Accenture is a stock I intend to own and add on meaningful pullbacks. Accenture is a mature company, but there is a lot to like about the business...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Dividends Do Nothing For Shareholders (Why Would A Shareholder Prefer Not To Receive Dividends?)</title>
		<link>https://rationalthinking.net/dividends-do-nothing-for-shareholders/</link>
					<comments>https://rationalthinking.net/dividends-do-nothing-for-shareholders/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=1652</guid>

					<description><![CDATA[Dividend investors only invest in companies that pay regular dividends. We believe you should be agnostic and invest in any company that is likely to be a good investment &#8211; no matter if it pays a dividend or not. Berkshire Hathaway has been a good investment because it doesn&#8217;t pay a dividend. In this article,...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Accenture Analysis: Explanation of Compounder And Dividend Growth Stock</title>
		<link>https://rationalthinking.net/accenture-analysis/</link>
					<comments>https://rationalthinking.net/accenture-analysis/#respond</comments>
		
		<dc:creator><![CDATA[Abrahamtolle]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=1078</guid>

					<description><![CDATA[Introduction and summary: I have been a shareholder in Accenture for many years and the only regret I have is that I don&#8217;t have a bigger position. Accenture is a stock I intend to own and add on meaningful pullbacks. Accenture is a mature company, but there is a lot to like about the business...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>The Foolishness of Dividend Investing: Rethinking &#8216;Income&#8217; Factor</title>
		<link>https://rationalthinking.net/the-foolishness-of-dividend-investing-2/</link>
					<comments>https://rationalthinking.net/the-foolishness-of-dividend-investing-2/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=953</guid>

					<description><![CDATA[This is a very short article based on two much longer articles: On the 30th of April 2020, Royal Dutch Shell cut their dividend by 67% (I have a tiny position in the stock – 0.05% of my portfolio). As expected, the comments on Seeking Alpha are full of anger and resentment over the smart...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Dividends Do Nothing For Shareholders (Why Would A Shareholder Prefer Not To Receive Dividends)</title>
		<link>https://rationalthinking.net/dividends-do-nothing-for-shareholders-2/</link>
					<comments>https://rationalthinking.net/dividends-do-nothing-for-shareholders-2/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Wed, 07 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=1652</guid>

					<description><![CDATA[Dividend investors only invest in companies that pay regular dividends. We believe you should be agnostic and invest in any company that will likely be a good investment &#8211; whether it pays dividends or not. Berkshire Hathaway has been a good investment because it doesn&#8217;t pay dividends. In this article, we explain why: retaining earnings...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Stocks, Investing, Real Estate, Charlie Munger And Inverse Thinking</title>
		<link>https://rationalthinking.net/stocks-investing-real-estate-charlie-munger-and-inverse-thinking/</link>
					<comments>https://rationalthinking.net/stocks-investing-real-estate-charlie-munger-and-inverse-thinking/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Sun, 04 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=362</guid>

					<description><![CDATA[Charlie Munger likes to think inversely. Inverse thinking simply means focusing on the things you don&#8217;t want to happen. Munger didn&#8217;t invent this concept, but he has made it immensely popular. (We recommend reading our article about Charlie Munger quotes.) While Munger turns the question on its head, he touches upon a very important aspect:...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Investment Quotes By Warren Buffett</title>
		<link>https://rationalthinking.net/investment-quotes-by-warren-buffett/</link>
					<comments>https://rationalthinking.net/investment-quotes-by-warren-buffett/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Sun, 04 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=379</guid>

					<description><![CDATA[I believe Buffet&#8217;s annual letters are an invaluable source of investment knowledge and advice. I recently reread all of them, in addition to rereading Lawrence Cunningham&#8217;s The Essays Of Warren Buffett &#8211; Lessons For Investors And Managers, a book containing excerpts from all the annual letters. This is timeless investment quotes valid for all investors...]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
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		<item>
		<title>Benjamin Graham&#8217;s The Intelligent Investor: The Best Quotes</title>
		<link>https://rationalthinking.net/benjamin-grahams-the-intelligent-investor-the-best-quotes/</link>
					<comments>https://rationalthinking.net/benjamin-grahams-the-intelligent-investor-the-best-quotes/#respond</comments>
		
		<dc:creator><![CDATA[Oddmund Groette]]></dc:creator>
		<pubDate>Sun, 04 Feb 2024 18:51:00 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<guid isPermaLink="false">https://rationalthinking.net/?p=404</guid>

					<description><![CDATA[I believe it&#8217;s important to read, but at the same time being careful what to read. Quality is much better than quantity, and reading twice, in my opinion, is more valuable than reading more. I read The Intelligent Investor for the first time in 2015, and in December 2019 I had the pleasure of rereading...]]></description>
		
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