I know. Buffett’s a year older, still buying oils and sitting with his monstrous position in Apple. When I told my 3-year-old standard...

We’re in a morality play. Pretty sure the S.O.B.’s take away the punch bowl. Before long they’ll have Fed Funds at 6%. Hope I’m wrong on...

Will Rogers got it right when he said “If you buy a stock and it goes down, you never should’ve bought it.” Valuation structure can take...

Downdrafts in market sectors typify this chart on Internet performance mid-2000. Note collapses of 50%, 60%, even 75%. Past 12 months...

Arthur Schlesinger said after President Kennedy’s death, when he left the Administration, that one of the sidelights of his stay was that...

I’ve no smarts to fathom the sizable negative yield curve in U.S Treasuries. Ten-year paper ticks at a 3.65% yield, while 2- year paper ...

Boeing ticks 100 points north of its 12-month low, but over 100 points south of recent year’s high ground. Plenty of macro issues: ...

I keep my 1960’s pocket slide rule on my desk, a reminder that numbers, not words, finally govern stocks. Courage, alas, is a seldom...

Nothing on Wall Street ever is delivered prettily, like “Save for Xmas!” Best trades I ever made in ragamuffins covered Geico at 4 bucks,...

2022’s Alarming Performance Outages 12-Month Current High Price Tesla 384 121 Disney 159 95 Amazon ...

By now, most everyone owning financial assets knows, or has been told by his advisor, that 2022 was a one-off year for stocks and bonds....

I devoured the Great Gatsby some 70 years ago, but didn’t quite penetrate to Fitzgerald‘s theme which is you can’t relive the past, and...

Late forties, at the High School of Music and Art, I held the first chair on clarinet. We had a great symphonic band. Annually, Leonard...

On the eve of the end of hostilities in the American Civil War, cotton traders began their flop as raw cotton prices tumbled. Traders...

Over 60 years, I’ve hated many FRB chairmen. True, a couple saved the country from self imposed stupidity. I’m thinking of Paul Volcker...

My read on 13f quarterly portfolio reports showed more losers than winners. High portfolio turnover was the giveaway sign of trouble....

Nobody managing money was moon bound during the September quarter. Plenty of screw-ups, overtrading and fallow sector emphasis. ...

Trillions invested by traditional wealth managers like JP Morgan and Goldman Sachs, badly failed to protect serious defensive investors,...

Proxy documents, issued to shareholders, back-to-back with their annual report get drafted by specialist corporate lawyers who make them...

Past 50 years or so, I can’t ever recall being overweighted in oils. Too big and stodgy for my tastes. Their cash flow goes for oil ...