With due respect to Jimmy Cannon, the great sports journalist back in the fifties. By yearend, Trump is tried on charges of insurrection...

Some 60 years ago, I’d disclaim on growth stocks, promising my firm’s clientele 2% monthly gains in Polaroid and Xerox. My partners...

Today’s growth stocks are Warhols, Basquiats and Jeff Koons’s, not the likes of Apple, Microsoft, Meta-whatever and Alibaba. These babies...

“Don’t shoot the piano player. He’s trying as hard as he can.” – President Harry Truman No tech or basic industrials. I’ve sold down...

The ugliest word in financial mumbo jumbo is stagflation. Stands for little or no growth with inflation running north on the page. The...

Long historical memory can distort the present or focus it brilliantly. What’s coming next? I once terminated a very bright 50-ish...

Nowadays, when blindsided by a big earnings shortfall, the write-down overnight ranges anywhere from 15% to over 25%, as in Netflix....

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...