The best advice I ever got was from an old trader. When they trashed his stocks, he took a long walk. But, first shut down his quote...

Putting aside Warren Buffett and Carl Icahn who march to separate drummers my take-away on the quarter’s 13f reports shows sizable...

The old peddler sang out as he plied the Bronx streets, looking for business. Actually, I never saw any business transacted. The market...

I surely do. It was late Thirties in the Great Depression. Pop drove a jalopy which took him down the long hill from Mt. Airy to the...

I’m a Great Depression baby (1931.) But, with a good peg from third base, baseball was my game. I never went hungry while we lived off...

The market already has discounted a soft landing for financial assets, housing and iconic art. Nobody expects the FRB to rock the boat...

I am addicted to Venice which I’ve visited summers, annually, ever since 1951. The Vaporetto was free then, a few coppers. You shared a...

As a 10-year-old, the East Bronx was my world. It was 1941 and Bell Lab wouldn’t introduce the transistor for another 20 years. There was...

At midyear, looking at sector weightings in the market, technology has blossomed to 28%. Unless brave enough to put serious assets into a...

I’ve spent over 60 years on the Street, but never carried Treasury bills until recently. Now I own a garbage bag full of ‘em, losing...

Early on, a rim man on the copy desk of a publishing house, all six of us were confirmed horse players. The guy who took our coffee...

“ Get a hunch and bet a bunch.” we used to quip. But, those days are long gone. Today, socially accepted money management is serious, but...

I never, ever expected to encounter a chart like this one: Two-year Treasuries which historically sell at a discount to 10-year paper...

For 2- year Treasuries its yield premium over 10-year counterpart still widens, unrelentlessly. I bought a basketful of 2-year notes when...

Sole item I trade-in daily is my jockey shorts. For me, speculation is dead for now. My old $10 ragamuffins like Dish, Teva and Rivian...

Warren Buffett’s celebratory annual meeting differs markedly from its annual report which is a boring composition that goes on and on in...

In the good old days, 1960’s, I’d run 150% long and curse the FRB chairman when he took away the punch bowl and raised margin...

When an annual report opens with the phrase “your company” toss it in the wastebasket, immediately. It is not your company. It’s...

I was just a kid when Ted Williams batted 406 for Boston. An awesome hush would grip the stands, when Williams, all business, settled...

Lemme tell you about the Sosnoff family's most precious possession during the Great Depression. It was a scratched-up, black, upright,...