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Member Says BetterInvesting’s as Good as an MBA

Self-Styled ‘Geezerville’ Resident Rocks a Youthful Attitude

 Angele  McQuade Bookmark and Share

A few things you should know about BetterInvesting member Gayle Olson of Bloomington, Minn.

•     I’ve been a member of BetterInvesting since 1990. The Buttonwood Investment Club (founded in April 1987) wasn’t doing too well, so when one of our members brought a brochure to a meeting,  we decided to join and learn.
•    My wife Dee and I live in a senior independent living facility in Bloom­ington, Minn. I call it Geezerville.
•    I was an insurance agent for 41 years and retired in 1995.
•    The Buttonwood Invest­ment Club still keeps me busy, as do activities in BetterInvest­ing’s Northern Lights Chapter. I also enjoy travel and model railroading.
•    Pay absolutely no attention to the media when you invest. If you look very closely, most of the advice in ­articles is contradictory. Stories are transitory, statistics are not. Prognostication is the province of fools.
•    When I first started investing, I wish I’d known to ignore the story. Short of getting an MBA, learning Better­Investing methodology is the best way to become a successful investor. In some ways, it may even be better.
•    I enjoy studying behavioral finance and try to keep
emotions out of my investment decisions.
•    I wrote about 40 articles for BITS when it was a print publication, and I’m the inventor/author of the Price Variant Quotient (first published in BITS in 1994). Inspiration for the PVQ came from a conversation I had with Ken Janke when he was in Minneapolis for a Better­Investing event. When he mentioned that the ­average stock price varies about 50 percent from high to low in any given 52-week period, it occurred to me that if you calculated the average variation for 52 weeks and subtracted that percentage from the most recent 52-week high, you’d have another possible low price choice based on actual trading history.
•    I occasionally write articles for our chapter newsletter and have written a booklet called Objective Value Investing as a tutorial for our club members.
•    As a young man I raced hydroplanes, which are boats designed to ride on top of the water instead of in it.

I drove one for a local playboy/sportsman in the Midwest Power Boat Association and it helped pay my tuition at the University of Minnesota in 1950. I also took flying lessons and rode a motorcycle up until 2003.

Websites of Interest
Gayle Olson’s Price Variant Quotient PDF

Angele McQuade is the author of two books, including Investment Clubs for Dummies. You can find her online at angelemcquade.com.

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