There have been debates between those who argue for momentum and mean-reversion. I say, “Why Choose? You can benefit from both.” Stock performance tends to persist after 12 months of outperformance, and...
Read MoreDecember 2010 January 2011 Comments Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring down...
Read MoreThis second period goes from May to July 2007. Here we go! A Modest Proposal to Raise Taxes on Mr. Buffett (and me) Points out how the problems with the tax code are really more about defining income rather than tax...
Read MoreOne small added benefit that I offer clients is extra advice. The following would be an example: By the by, I wonder if I can ask you for some bond advice. I currently use Fidelity for most of our investments, but...
Read MoreWe’re coming up on the fourth blogoversary for the Aleph Blog next month, so I wanted to do something a number of readers asked me to do — create a list of my best posts, with a little commentary. I’m...
Read MoreI appreciate the cleverness and rigor that Vitaliy Katsenelson brings to value investing. Value investing needs its popularizers, and Katzeneson does a very good job in explaining how good investing is a search after...
Read MoreI agree with Daniel Indiviglio about half of the time; I think he is a bright guy, but I disagree with him over certain principles. He recently wrote a piece called Why We Need the Fed. I am here this evening to take...
Read MoreSome of my friends want to invest with me, but I am not a total solution to anyone’s financial needs, because the only stuff I am managing is the risk capital. All of my clients have to go through a suitability...
Read MoreIn mid-2005 I wrote a piece that I knew would be controversial at RealMoney: Real Estate’s Top Looms. I had debated about writing it sooner, but delayed, because the momentum felt wrong. But by mid-2005, I...
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