September 2017

These Are the Goods

Articles If there’s a golden rule for long-term investing, it’s that betting on disaster is always overpriced, and betting on “it’ll all work itself out” is always a bargain. By Eddy Elfenbein That is simply what we do. We panic. By Tadas Viskanta Investing is primarily a behavioral exercise, not an analytical one. By Nick…

All or Nothing Analysis

Yesterday I received an email that read, “If you are looking for alternative sources of stable income with a demonstrated ability to make money in a rising rate environment….” For this reason, most get trashed before opening, but once in a while, I’ll click to see what’s out there. Today, I received one from a…

A Few Charts and a Few Thoughts at All-Time Highs

This morning, the S&P 500 is making its 31st all-time high this year. That’s one every 5.6 days, on average. The index is up 11.1% over the first 174 days of 2017, which is the strongest year-to-date performance through this time since 2013. The S&P 500 has been above the 200-day moving average for 304…

These Are the Goods

Articles  Facebook, in fact, is the biggest surveillance-based enterprise in the history of mankind. By John Lanchester Everyone is exposed to the same fundamental information and emotional influences. By Howard Marks Stocks look cheap here. I’ve been holding all this cash, waiting for an opportunity. By Jesse Livermore There is no such thing as no…

These Are the Goods

Articles Now, he is starting a hedge fund dedicated to wagering against the VIX. Investors, he says, have been pounding on his door to get in early, offering him $100 million for starters. By Landon Thomas Jr.  But we do know one big thing – it’s that diversification works on many levels over time, even…