I previously reviewed the First Edition. Now it is time for the Fourth Edition. Rather than do a teardown, I think it would be more useful if I explained how the book can best be used. Here goes: There has been a lot of research...
Read MoreA few things I left out last night. Here’s a country breakdown for Behemoths trading on US exchanges:Note: if I had a Bloomberg terminal and could give you global data, this would look much less US-centric.And, here is a...
Read MoreThere have been a lot of articles recently about how cheap the Behemoth stocks are — I define Behemoth stocks as those with over $100 Billion of market capitalization. At the close on December 2nd, there were 39 of them...
Read MoreThere is a benefit to reading books on marketing for those that will never be marketers: it will immunize you to sales pitches. Think of it as studying the strategies of the enemy. When you talk to salesmen, you can flip their...
Read MoreI have long thought that Defined Benefit plans are the best retirement plans for workers. They are also the worst for employers. WhyEmployees are incapable of making intelligent investment decisions in aggregate, much as they...
Read MoreThis is not likely to be a popular post. Just warning you.I have a bias that modernity is more fragile than commonly believed. One aspect of that is income/wealth distributions. Inequality was far more pronounced in the past,...
Read MoreIn general, my experience is that sharp moves up or down over a day or a few days proceed from investors that are reacting, not thinking. Those moves tend to get erased by future market action.Slower, intermediate-term moves...
Read MoreI find commentary regarding open vs. closed minds to be vapid. For example, I saw this tweet: Inspired_Ones Inspiration!!! Minds are like parachutes – they only function when open. -Thomas Dewar I responded with this:...
Read MoreOne thing to search for in the markets, is what entities are being unrealistic. We have a bevy of them now:Eurozone — “We can get many nations to behave like Germans.”China — “Our financial system...
Read MoreI wrote about the thoughts of others Wednesday as I took notes on their talks. I don’t type that fast, so my notes gives synopses of the talks given.Now for my own thoughts. I have a sympathy for anyone that wants to take...
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