I consider myself a lesser light compared to many following Warren Buffett. Yes, I am a value investor and an actuary, so I guess I have some punch in attempting to analyze the actions of one far greater than me. The book...
Read MoreOur problems today stem from too much debt, both personal and governmental. When enough of the populace is overindebted, they become conservative in spending. When corporations see that, they become conservative as well, and cut...
Read MoreJune 2011 August 2011 Comments Information received since the Federal Open Market Committee met in April indicates that the economic recovery is continuing at a moderate pace, though somewhat more slowly than the Committee had...
Read MoreRating agencies grew up rating corporate credit risk. The nice thing about corporate credit risk is the failures happen at least every seven years. There was a sideline on municipal credit risk, but since munis...
Read MoreSo S&P downgraded the US. Big deal. It should have happened long ago, and many other sovereigns deserve to be downgraded as well. Now if you want my summary views, positive and negative one the rating...
Read MoreI repost this to indicate that Maryland is a de minimus state. Thank you, State of Maryland, for your prompt response, unlike Arkansas. I find it interesting that only two states, Texas and Arkansas, are file on the first...
Read MoreThis post is for average 401(k) investors. I’m going to let you in on a secret that is not so secret, but does not get talked about much. It’s a simple idea as well, and would be common sense, if sense...
Read MoreAfter the recent piece Waters Uncharted, I received this comment:Why do you have a large portion of your fixed income portfolio allocated to foreign bonds?Are you afraid of a large devaluation in the U.S. dollar?It seems like...
Read MoreA Ponzi scheme needs an ever-increasing flow of money to survive. Same for a market bubble. When the flow’s growth begins to slow, the bubble will wobble. When it stops, it will pop. When it goes...
Read MoreI don’t know. You don’t know. He doesn’t know. We don’t know. You all don’t know, and all of y’all don’t know either. They don’t know. Conjugation complete. No...
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