November 2009 December 2009 Comments Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Information received since the Federal Open Market...
Read MoreI’m not likely to be able to comment when the FOMC announces its lack of action today. The Fed will continue to keep policy loose, while slowly closing down ancillary lending programs, and bloating their balance...
Read MoreTwenty years ago, I hit upon the idea that I should analyze entitlement programs by assuming that the dividing wall between the trust funds and the government did not exist. That’s a useful idea, because OASDHI [Old...
Read MoreTonight’s book reviews are of two very different, yet very similar books: Fire Your Stock Analyst!: Analyzing Stocks On Your Own (2nd Edition) and, Far from Random: Using Investor Behavior and Trend Analysis to Forecast...
Read MoreIt is getting close to the time for my next portfolio reshaping, and so I look at my industry models, because industry performance is critical to the performance of stock portfolios. Here is the main model that I use: This...
Read MoreJames Picerno writes the popular blog The Capital Spectator. One of his main topics is asset allocation. He has a book coming out in February called Dynamic Asset Allocation: Modern Portfolio Theory Updated for the...
Read MoreI have often wondered about how to rank sports teams. This goes way back to when I was 10 years old, when I ran across a magazine at summer camp that purported to do this for NFL football. And so I wondered for many...
Read MoreBefore I begin, I want to thank longtime readers, and ask them to give me some feedback. I have a category entitled Best Articles; what would you nominate to be in there. Also, what would you take out? ...
Read MoreMany dream of riches. Few achieve them. Why? It usually involves self-denial and hard work. It’s not that anyone can’t achieve riches, if they start young enough, but they won’t make the...
Read MoreIn the Fall of 2005, I was at the Annual Meeting of the Casualty Actuarial Society in exotic Baltimore, Maryland. The Keynote address was by Roger Lowenstein who did a talk on two topics. Warren Buffett the great...
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