I’m moving on. Tired of shelling out serious money to home insurance carriers plus coverage of our contemporary art collection, which is...

Even I don’t remember the backdrop for such profound asset destruction. I was running hedge fund capital, but don’t recall making serious...

I miss the old Goniff Exchange. The ASE, where a bunch of ne'er do wells ticked under 10 bucks. You could even trade Saturday mornings...

When I looked at Third Point’s condensed portfolio, I was shocked, then amused to find it so similar to my own. Big positions in a few...

By now, everyone knows Warren Buffett owns a big chunk of Apple and is happy with it. But, as a stock, Apple has churned past year with...

Never comfortable with the sobriquet of “Magnificent Seven” now showing its age. I’m down to three major properties. Namely Microsoft,...

INTERNET SUBSECTOR PERFORMANCE, JULY 2000 The chart shows how volatile things do get. Past week was fortuito. Sooner or later each...

What’s our market doing at 20 times earnings? It belongs at 15 times earnings while the Mideast simmers, ready to boil over.  Actually, ...

Let me tell you about my beloved, brown standard poodle, Joshua . He was run over on the Merritt Parkway. Brought home to us in a...

Don’t let Frank Sinatra fool you, singing “April in Paris.” April can be a cold and rainy month there. Even Nice, where we spent a couple...

What have I learned on how to deal with the financial world’s fallibility? First, you hardly ever get normalized GDP growth of 3%. If you...

Good ole days, rocky traders wore red suspenders. The standing bet was with my head trader who’d call the daily market, heads up or heads...

This graph on Fed Funds shows violent swings in Fed Fund rates, cycle-to-cycle. Note rates fell below 2% in the recession of 2001-’02 and...

The fall from grace can be swift and hugely punishing. Note the shrinkage here ranging up to 80% for Ericsson, Cisco, Qualcomm and...

Oh! That Shanghai Don’t Bet Your Money On The Shanghai Bet Your Money On The Chicken In The Middle Don't Bet Your Money On The Shanghai...

You would think upon reaching 5,000, the good times were here. I thought the market was full at 4,500, 10% ago.  Was Microsoft...

Well, Berkshire did peel off 2% of its Apple position. This is probably the beginning of a slow unwinding. Meantime, financials, like...

I wasn’t around for the 1929 crash, but my back is full of scars that date back to the late fifties. Nobody saw the Cuban Missile Crisis...

Serious players build a schema for the stock market. For me, it begins with extrapolating financial ratios based on recent years...

My historical chart on interest rates for 10-year Treasuries is food for the bulls. Rates at 4.1%, inflation is a dead issue-for now. So...