I Get by with a Little Help from My Friends
What makes markets rise and fall? Earnings, sales growth and potential should be the fundamental reasons. Dshort.com did a wonderful job in illustrating additional reasons for our current bull market…
Rule Number One
Warren Buffett has a famous quote: Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. While this quote is so typical of Buffett’s folksy humor,…
Corporate America Should Consider a Debt Reduction Diet
As the rest of America considers diet and exercise to shed those recently acquired pounds from the holidays, corporate America should consider their own diet: a debt reduction diet. As…
Jeane Dixon and Wall Street Forecasters
The only function of economic forecasting is to make astrology look respectable. – J.K. Galbraith I know I’m showing my age when I mention the name Jeane Dixon. A self-proclaimed…
Gym Class and PE Ratios
Buy not on optimism, but on arithmetic. – Benjamin Graham When I was a senior in high school, my counselor informed me that I would not be able to graduate due…
27 and You
Many of you are probably familiar with the DNA and ancestry service 23andMe. Not only can the service tell you the ancestry of your forefathers, the company can also tell…
This Is Not a Ronald Reagan Market
With the recent Trump bump a number of commentators have suggested that we are in a Ronald Reagan market. They suggest that we will have a second wind to this…
O Lord, won’t you buy me a Mercedes Benz?
No one helped Janice Joplin buy her luxury car. However if Janice were alive today she could get the car of her choosing through cheap credit. So much so that…
Elections and the Market
Regardless of your politics, I believe we would all agree this year’s election was historical and unprecedented. In addition, the results point to our divided electorate with the country split…
Markets Are Not True
"Markets are not true." This was the quote from the chairman of UBS, Axel Weber, in an article by Gillian Tett titled, "Investors are ill equipped for our unfathomable future",…