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....

My 1973 – ‘74 caper in the options market yielded enormous percentage gains during this bear market. I handled market makers, day in, day...

What everyone forgets by concentrating solely on corporate earnings is the extraordinary cyclicality of price-earnings ratios. During...

They didn’t drag out Microsoft to be shot last week, but it did shade its recently posted high mark. Microsoft shines as the poster child...

Peak growth stock repute got memorialized in Morgan Guaranty’s 1972 portfolio. Even Sears, Roebuck sold at 30 times earnings. Growth...

I’ve learned to stand alone as a player, but now I feel as if I’m dancing in water climbing above my ankles. Tired of splish-splashing,...

The swing from optimism to pessimism is best depicted by the NASDAQ 100 Composite Index spanning over a decade. I dare anyone to...

What’s to learn from a Warren Buffett portfolio with positions like American Express dating back to the 1960s? Yes! You hang in with...

I never dreamed of comparing U.S. Steel with Amazon whose market capitalization flirts with $1.5 trillion. Little more than a year ago,...

Bert Lahr as the Cowardly Lion in The Wizard of Oz Even for a passive investor who dozes while reading his Wall Street Journal after...

Portfolio structure, not stock picking, saves you in wildly surging markets. When it gets too hard to build an earnings model next 12...

5-Year Chart on Goldman Sachs JPMorgan Chase is just another polite banker, near fully valued these days. But, Goldman Sachs is streaking...

An enormous amount of capital in the country is managed too conservatively with shabby results. Institutional investors and wealthy...

For some 60 years, I’ve made it a practice never to criticize other money managers. So, I’m about to commit heresy herein. Still...