Benjamin Graham was one of Warren Buffett’s teachers and Buffett considered Graham’s books Security Analysis (1934) and The Intelligent Investor (1949) to be his investment Bibles. Back in Graham’s day, financial statements were pure chaos— accounting standards were...
We’ve had several Industrial Revolutions in the U.S.—four or five, depending on who you ask. But you don’t kick off a true industrial revolution with just one new product or industry. What you really need is an entire platform—something that creates lots of...
I’ve accomplished a few things in my 4 decades helping clients manage their money. I led a national trade organization for active money managers, managed mutual funds twice, created a market indicator that is used each week by 20,000 portfolio managers, newsletter...
Artificial intelligence (AI) has been all the rage for a few years now, and stocks focused on this market sector have been red hot. We own a few of these issues in our Future Technologies models, and I wished we owned more – should’a, could’a, would’a and all. But...
The first thing to do while investing in the stock market (whether through mutual funds, ETFs or individual stocks), is to understand the current market environment. Then you must be able to adapt to those market conditions. I believe we are currently seeing a bear...
In 2023 and 2024, there was much talk of an impending economic recession in the financial media. Most of it was just hot air, in my opinion. The most widely used indicator of future economic activity is still the US Treasury Bond market, but there are many ways to...
A year or so ago when I was down in “The Valley,” as we highlanders call the Phoenix metro area, I saw several Waymo driverless taxis and said to myself, “I want to try that.” I was in Scottsdale recently and was surprised at the number of Waymo cars I saw. They were...
Tech guru Kim Kommando runs one of my favorite newsletters, chock full of the kind of tech tips we all can use. She recently wrote about how far TikTok reaches into the lives of those who use it, which is most young folks today. (Not me!) At the core of the issue is...
Mutual Funds & ETFs The Refinitiv Lipper database gives the median turnover of a US mutual fund as 39%, implying a holding period of just 2.5 years. (source link) This suggests an average holding period of around 2.5 years. Clearly investors are waking up and...
AI is all the rage these days, but some of us have an aversion to learning curves, and the older I get, the more that pertains to me. I had played around with AI a few times asking simple questions, but never really got my mind wrapped around it. So, I decided to do a...
“Private equity” is the term for companies not publicly traded or “listed” (on stock exchanges). If you are like most investors, you don’t think much about private equity because it is not generally available to you as an investor. Many private equity businesses are...
Some of the more frequent questions we get these days are about the election. What’s going to happen if one candidate wins, or worse, the other? What are we doing to protect your investments? Should we move to cash and just be careful? First, let me say that the...
