How Much Does Experience Matter?

There is a great scene in Moneyball where legendary scout Grady Fuson and Oakland A’s general manager Billy Beane are talking about the evolution of the game. Fuson is from the old school and thinks there are some things numbers just can’t tell you that intuition can. There are a lot of parallels between sports…

What You Need to Know About the 200-Day Moving Average

On Monday, for the first time since October 2014, the Dow Jones Industrial Average closed beneath its 200-day moving average. Many people wonder what the implications for this might be. Do stocks bounce right here and if so, how long can we expect them to hold? The truth is that speculating on where they go…

When Everyone’s Watching

“It takes twenty years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” Buffett The S&P 500 just experienced its first negative two percent day since October 2014, when Ebola was the crisis du jour. Today, all but five of the S&P 500 stocks were…

With All Due Respect, Mr. Icahn

Carl Icahn is a brilliant investor with a proven history of delivering excellent returns. In fact, he just rode Netflix from the high fifties all the way to seven-hundred bucks a share in just under three years; an annualized return of around 130%! Icahn took over a major airline when I was literally in diapers…