Early postwar years, the market dealt out death once it sold above 15 times earnings, particularly in the mid-sixties. Ten times earnings...

After the FRB pronouncement on interest rates, I dug right down to the bottom of my shoes and felt nothing. Don’t you miss Alan Greenspan...

Ballie is played in a circle, leader in the middle bouncing a Spaulding. Players must flop to the floor when the bouncer stops his...

High time our FRB head signaled action. I’m not talking just quarter pointers,  a spit in the ocean. Unlike Alan Greenspan who had a...

My picture gallery of Fed Chairmen dates back to early sixties when they carried big sticks. Does anybody but me remember McChesney...

I can’t come up with Chairman Powell’s first name. Maybe the country gets what it deserves: An unaggressive FRB with a President who...

Investors need to remain aware of the gigantism of Berkshire Hathaway. Apple is a 22 % position but only 1.9% of its capitalization....

Apart from its billion dollar probe in United Health, Berkshire Hathaway made sizable cuts in holdings of financials. After all, the...

Sooner or later, load up on 30-year Treasuries, an unintended gift from Uncle Sam. You’re not Uncle Sucker when a 5% coupon exceeds our...

Now’s the time to run paper portfolios on a handful of ragamuffins that you think are potential turnarounds. I won’t bet on just one or...

On some of the biggest capitalization stocks, cost of a wrong earnings call is a snappy 10%. You would think the Street gets estimates...

Decades ago, after Ron Perelman won control of Revlon, he took a walk through one of its Boeing 727’s used for hunting by its then...

Penalty for being wrong-footed on an entry point for a stock runs at least 20%. Occidental Petroleum, under accumulation by Warren...

Mark our market as a rocky road filled with sharp curves and potholes. My way of dealing with pricey, chaotic settings is to lighten up,...

I grew up in the Great Depression, our family renting in the East Bronx. Pop owned a tailor shop in Harlem and we barely got by. But, I...

I’ve placed my “Don’t Play With Fire”sign on Tesla after its 200 point rollover. Nobody should care that Tesla jitterbugs a dozen or more...

The Tesla flop proved indelibly I needed to brush up on my facility in multiplying huge sums. On a trading session of 288 million shares...

Over a decade ago, even Microsoft fell into a performance funk that lasted 5 years. It was a good lesson in how the biggest and best can...

Here today, gone tomorrow best depicts how active portfolio managers failed to deliver the goods past March quarter. Or, as my old...

Nobody’s perfect. Even Warren Buffett compiled several years of underperformance in recent decades. His peers outperformed him for...