Portfolio Rule Five
News: I’m planning to submit my paperwork to Maryland on Monday for registering my investment advisory. Aside from that, I am giving a talk on the Efficient Markets Hypothesis in New York City on Wednesday to the...
Read MoreAuthor: David Merkel
Book Review: It Was a Very Good Year
Trivia question: think of the US stock market from 1900 to 1997. Now think about the top 10 years in terms returns during that period. Call those years “Very good years.” What decade had the...
Read MoreBook Review: The Insured Portfolio
Do you have a lotta money? Lotsa, lotsa money? And is it liquid? More than $5 million? If so, I have a book that could help you, The Insured Portfolio: Your Gateway to Stress-Free Global Investments...
Read MoreBook Review: MarketPsych
I am no great fan of psychology. When I was selected for jury duty, 20 years ago, I was the first peremptory challenge because I said that I would not take the word of the psychologist as expert testimony, but rather would...
Read MoreWhat if We Replaced the US Postal Service Two Years from Now?
Two notes before I begin: I will be in New York City next Wednesday, and maybe Tuesday or Thursday. I will be meeting with potential investors. If you would like to hear what I am up to, e-mail me, and maybe we can...
Read MorePortfolio Rule Four
I find myself in a different mindset, as I labor to start Aleph Investments, LLC. I find myself both optimistic and fearful. Optimistic, because this is what I’ve wanted to do for a long time, and I see the...
Read MoreQueasing over Quantitative Easing, Part VI
I am no fan of quantitative easing, as readers may know. One aspect of the dislike comes from the one-sided view of how low interest rates benefit the economy. They do not benefit the economy, at least not as far as...
Read MoreFinancial Statements Have One Major Purpose Each
Financial statements encourage us to look at the bottom line. The bottom line indicates the purpose of financial statement. With an income statement, the purpose is to show us how much the company has profited. ...
Read MoreEarnings Estimates as a Control Mechanism, Flawed as they are, Redux
One of my favorite topics to write about is portfolio management. That’s because I love my methods for managing equities and bonds. The methods work, but they aren’t a lot of work. So, I enjoyed...
Read MoreEarnings Estimates as a Control Mechanism, Flawed as they are
Why does the stock market pay so much attention to earnings estimates? Don’t earnings estimates embody the worst type of analysis of stocks on Wall Street? There is some truth to the thought above. After all,...
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TraderPlanet’s Quick Guide to Candlesticks
