Even after the fall, I figure sticking 20 percent invested isn’t too extreme.  Decades ago, when Xerox couldn’t keep pace with Canon and...

There’s an old story by Lafcadio Hearn about a flood enveloping a bunch of dancers, oblivious on the dance floor but up to their ankles...

My experience with chart books is most of us miss their message. You can easily riffle the pages and come up with nothing. But, for...

I remember Gerald Loeb, partner at E.F. Hutton, 65 years ago. He’d huddle in his cramped office, gazing at the ticker tape stream across...

My short list of playable junk paper covers several old industrials. You gotta be diversified. Don’t go down in a single ship. I cover...

I try to keep my ego out of the stock market but decades ago, I went for control of Caesar's World. New Jersey regulators turned me down....

Berkshire Hathaway’s yearend quarterly report was truly simplistic. This is a $267 billion asset base with low turnover. You rarely see...

Why is Buffett so keen on gobbling up so much Occidental Petroleum? I dunno. I don’t see an inflation coming in oil worldwide. OXY is off...

In our herky-jerky market setting, money managers are mostly sitting put. That’s my reading of their yearend portfolios. The Magnificent...

I’ve never lived in a Gilded Age. So I wouldn’t know how to  revel in its plenty. The Great Depression enveloped my time with the East...

I’m talking about your portfolio inventory which shows unrealized gains and losses. Penalty for a bad entry point can cost you 5%...

When I made my first million in Big Board assets, I phoned my dad and told him so. Pop’s response sort of floored me: “Bah! Sosnoffs...

Never underestimate how wrong group think can be. Linear extrapolation, what economists do can be horrendously off base. Then, there’s...

Find me a ready talker on bear market destruction. They must be around in the bushes. We need Eva Peron back, wailing “Don’t Cry For Me...

Let’s go back to the whirlpool of wealth progression over the century. I don’t have the latest numbers, but my point of the  leveraging...

At yearend, it’s allowable to tot up your gains and losses on investments. If for no other reason than to confirm whether you should be a...

In “The Red Badge Of Courage,” Stephen Crane’s tersely written Civil War novel gets my money. The combatants fall like bundles. Don’t mix...

When I reviewed my charts on householder’s share of equity markets, I was surprised to see how low it gets when recessions hit the...

Over 60 years of trading.  I’ve rarely run a credit balance.  More likely, I’d be scrambling for capital, run a debit balance in stocks...

I can’t claim like Buffett, that I was in early on Coca-Cola or saw newspapers as a great franchise. I did at one point own a 20%...