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 Society of...
Read MoreTrivia 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 most of those very good years? If...
Read MoreDo 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 (Agora Series). There are...
Read MoreI 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 MoreTwo 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 get...
Read MoreI 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 pieces coming...
Read MoreI 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 the...
Read MoreFinancial 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. With a balance...
Read MoreOne 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 writing my piece last night,...
Read MoreWhy 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, earnings...
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