Portfolios can always be a surprise in terms of stock selection and their market weighting. First, lemme say I own Berkshire for what’s largely static,  70 percent resting in Apple, American Express, Bank of America and Coca-Cola. Some 60% of invested assets here, Apple is at 22% of investments followed by American Express at 18%.  This is a largely live-by-the-sword, die-by-the-sword investment construct.  I’ve reached it at times, too. But don’t boast about it. Sooner or la

1950s, I was a slow-poke in accumulating abstract expressionist art works. NYC was rocking as the center of this new movement, not Paris or London. I missed the reflowering of Renaissance work, too.  Rembrandt, Renoir, Matisse et al. But I own Matisse watercolors rather than the huge florals that you see in the Paris museums.  The art world thrives with or without you. You can catch up with work a hundred years old.  I did purchase a Rouault aquatint of Christ, “Veronica’s Ve

If wrong on Goldie, I’ll wear a dunce cap filled with humility. Best defense is a strong offense. Let someone else own airlines when traffic turns south.  I can offer you half a dozen stocks that do go against the grain. I’m talking properties like Berkshire, Citigroup, Amazon and Goldman Sachs. Throw in my Macy’s, spec for your retailing comeback. Sometimes,  you play with fire. Not just Macy’s.  Try a low priced airline, maybe American.  I’m not interested in pricey paper b

The amplitude of 12-month price changes range above 100% for stocks like Citigroup, Macy’s and Amazon.  MS 174.94 AAPL 277.169 AMZN 258.161 Price ranges do exceed 100 points for stocks like Amazon and Apple with large percentage changes for Morgan Stanley and Microsoft, too. A busy setting.  In many stocks we own,  price spreads do exceed 100 points. I’m thinking of Amazon, Apple, as well as financials like Morgan Stanley. Low priced Macy’s remains a cheap play on retailing r