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 ...

If ever there was a broken crumbled growthie, Alibaba takes the cake. Once, a $300 plus, now churning in the sixties. Nobody cares. When...

Black Beauty, by Anna Sewell, was published late 19th century and sold over 50 million copies. It was revered by horse struck girls, but...

My maiden stock pick wasn’t IBM. I plunked down a thousand bucks on Kennecott Copper’s nose, attracted by its 5% yield. This was back in...

2-Year Treasuries 1980 To Present Current 4.1% yield on 2-year Treasuries hasn’t been higher in 20 years. Bulge in 1983 – ‘84 reflects...

What to do when your pets act like basket cases? My first act is to turn off my Bloomberg console. Why torture yourself if you’ve got a...

Laurels for reaching the $500 mark go to consistent growers in prosaic businesses. UnitedHealth Group and Costco, for example. Five years...

My belly button is signaling a bear market is an even money bet. The Street and Federal Reserve Board believe they can manage through...

Pundits spar over whether the FRB ends quarterly bumps at 4%, maybe 4.5%. Financial history suggests this is foolish quibbling. I see 6%...

Near total carnage in financial markets going back some 50 years rests in the consciousness of just a few of us still running money...

One morning at Newport Beach, 50 years ago, I opened the sliding screen door of my room and walked out on the balcony that faced the...

Dozens of portfolios run by high energy overachievers, again left me cold in their results. Not that the market dwelled on Easy Street....

Whenever I review an academic’s research on art markets that invokes integral calculus equations, I fling such into the circular file...

Sooner or later, the Great Humbler strikes us down to bedrock valuation. Look at tired blue chips like AT&T and General Electric. Ma Bell...

In the good ol’ days, 1950s, growth stocks were barely acceptable. There were a few exceptions, like Polaroid and years later Xerox,...

I’ve a soft spot for junk, but I’m still a realist. Anyone can throw money at Apple and Microsoft then sleep soundly. But, buying stocks...

Early sixties on I’ve ignored what’s called GDP stocks. Managements, 50 years ago, like General Motors, General Electric, U.S. Steel et...