I’ve lived long enough to hate my Microsoft position which is too low-cost to sell out and pay the tax man. But, Microsoft past 12 months...

Overconcentrated positioning can make or break you. Tiger Global Management Fund dropped 25% during April and over 50% year-to-date....

Shooting season’s extended on mega-cap paper that disappoints. Bad earnings numbers chopped down Netflix, Meta Platforms, Alphabet and...

Still too much residual bullishness in our market setting. Nobody seriously questions whether the Big Board deserves to sell at 20 times...

Never have I seen pie chart investment constructs more entrenched in the money management business. Our major banks and brokerage houses...

Excepting energy, there were few places to hide during the March quarter. Unless you stood light in technology and financials, chances...

After her demise, when I opened Mother’s steamer trunk, I found under a tangle of costume pearls mildewed stock certificates of Royal...

I’ve started to shed paper gains on my junk bond holdings. This is so even though I keep duration at 5 years and don’t go below BB credit...

Some 60 years ago, when I first subwayed down to Wall Street, equities, excluding utilities, mainly were deemed vulgar expressions of...

I participated wildly at the dawn of the Jet Age. Boeing brought forth its transcontinental model 707 that spanned the Atlantic and...

I’m just a lonesome operator who recalls 21 cent gas, not today’s gyrating $4.50 to $5.50 at the pump. The 21 cent toll was a Great...

I was a Great Depression baby. I remember my mother dangling down a sugar cube over the porcelain kitchen table. My parents would gaze at...

I was a feisty operator when poor. I had so little to give back. Some 60 years ago, the collar was yellowed on my seersucker jacket and...

Nobody thirsted for World War I’s ignition, but it was touched off by the assassination of Archduke Ferdinand and his wife who foolishly...

Lackluster portfolio performance was the common denominator for high energy operators past several months. Top picks among 10 largest...

The country is saddled with a wimpish FRB chairman. He talks about quarter point, even half point bumps in Federal Funds rates which rest...

I bought Exxon Mobil when oil futures bottomed near $45 a barrel. As yet agnostic, I picked out a handful of ragamuffins, too, March,...

Typical Fish Farm Was it Integrated Protein Resources? I don’t remember the name of the company, but a Florida-based operation was sure...

Suddenly, if wrong-footed on your numbers for a growth stock, the penalty is a snappy overnight haircut of 20%. Actually, this kind of...

On morning walks to the office, I used to cut through Central Park, coming from the West Side. Often, I’d visit the Central Park Zoo....