Nobody’s record is good on forecasting interest rates. But with 10-year Treasuries at 1.3% there is much room on the upside. The least...

Consider, Xerox, was moon bound for over a decade before Canon and Kodak gave them a run for the roses. Later on, Coca-Cola and Gillette...

My chart books on financial markets date back to early postwar years. They show clear enough that the stock market never sells for 20...

Reviewing 13F quarterly portfolio reports of high energy money managers surprised me by what was missing rather than what changed....

When I read one analyst covering Freeport-McMoRan raised his price point from $37 to $39, I sold some shares at the market. Freeport,...

I’m allergic to annual report readings because their spin is overly promotional and bushy tailed. Proxy statements are my meat because...

Olden days, management split their high-priced stock, pushing it back down into fifties. Such a gesture was considered enticing for new...

For the last several years, ultra-rich families and institutional investors stand short-changed by their investment managers. Major banks...

The Berkshire Hathaway annual report left me cold. You need to work through the folksiness of Warren’s commentary on his people long...

In case you haven’t noticed, there’s a major reallocation of wealth coming due if President Joseph Biden gets his $3 trillion spend...

While working for my MBA (60 years ago) my advisor touted me off calculus unless I was going for an economist. “Nobody uses much integral...

Nobody ever promised me a rose garden, but until 30-Year Treasuries pierce 3%, the market can flow on its course like Ol' Man River....

Money managers normally ignore past decades to concentrate on what’s ahead for a stock market next 12 months. Is it actionable, likely to...

Where’s to picket? Afro-American performers outdid us whites at Biden’s Capitol Hill celebration. Singers and combo-players outnumbered...

Hard to know who’s the smartest guy in the room anymore. Renaissance Capital, its rooms filled with numbers crunchers, flamed out while...

A year ago the going price on much cyclical paper was around 5 bucks a share. But most commodity plays in copper, steel, aluminum and oil...

Ambivalence is the magic word for investors whether day traders or long cycle holders like Warren Buffett. The average life of a growth...

I’m in a love-hate relationship with Amazon. Love…because I sit with a big unrealized gain. Hate…because Jeff Bezos toys with the Street....