If there’s one thing the investment profession repeatedly teaches you it’s humility. If you invest long enough, stocks will humble you, and I’ve had my share of humbling events. The most recent being the astronomical ascent of Tesla’s stock (NASDAQ: TSLA), which recently surpassed $2,000 per share. When I penned the article, “Is Elon Musk’s Dream …
In early January, we divested our portfolio of its remaining exposure to international stocks. It was actually a mutual fund with a diversified portfolio of international stocks. We sold it, and our exposure to international stocks is now zero. This raised eyebrows among our clients as well as outside observers who ascribe to the conventional …
A client recently asked for my thoughts on an article from New York Times Magazine titled, “How the Stock Market is Failing America.” It starts with this premise: The market is doing a terrible job of allocating capital for economic growth, said Michael Steinberger in The New York Times Magazine—but a really good one of …
Should Investors Play Robin Hood with Their Money? Read More »
It’s in times like these that the hyperbolic media is at its shrillest. Why? Because it sells advertising. To appear as a legitimate source of financial punditry, the cable channels parade talking head economists across the screen to pontificate on urgent matters of the economy and the stock market. The only problem is they are …
No one could have foreseen the impact of a sudden pandemic on the world’s largest economy. The damage has been widespread with no industry and few individuals escaping the economic carnage. Of one thing we can be certain, the way people view the world and, more specifically, the way they view their investments, will forever …
Can Investor Portfolios Survive the COVID-19 Storm? Read More »
For investors looking to a company’s market capitalization as a measure of its worth, it can be very deceiving. That’s because they really can’t know what a company is truly worth today until they look at its total capitalization. When they do, they may realize their equity share of a company is not what the …
The Fallacy of Stock Ownership – How Much of a Company do You Actually Own? Read More »