Archives

Please click on a button below to jump straight to that category.
September 14, 2018

Terlingua


Last Tuesday, I was in Southwest Texas, at the Terlingua ghost town; created by a mercury mining boom in the early 1900’s. On the wall of the only remaining store in town, I saw this sign and had a good chuckle. Despite a century of human progress, nothing much has changed in how promoters entice suckers into their financial schemes. “Buy now, before some ... Read More
Categories: Comments On Events
Positions Mentioned:
February 22, 2018

Bubbles Everywhere…


About a year ago, I read The Great Beanie Baby Bubble by Zac Bissonnette. It details how basic human greed, an artificial sense of scarcity and newly created technology like eBay, were used to artificially inflate re-sale prices and convince otherwise intelligent humans to sink their life savings into plush toys that were being created by the millions at a price-point measured in the ... Read More
Categories: Comments On Events
Positions Mentioned: None
March 26, 2017

Believe In America (Part IV)


Almost 5 months ago, Trump won the presidential race. At the time, I said Trump would herald dramatic change in how the government worked and served the American people. Along the way, regulations and taxes would be reduced and business would boom. Part of what made Trump so unique was that he wasn’t part of the Washington establishment. He couldn’t be controlled by special ... Read More
Categories: Comments On Events
Positions Mentioned:
January 23, 2017

Recent Interview


I was recently interviewed by Chris Lowe at Bonner & Partners about my views on the market. Please click here to read it. Categories: Comments On Events Positions Mentioned: none To receive email updates on new posts, use the subscribe feature (on the right column of each page of the website.)
Categories: Comments On Events
Positions Mentioned:
January 13, 2017

Believe In America (Part III) Avoid Lobbyist Stocks


With the stock market continuing to make new highs, it feels almost irresponsible for me to talk about things to buy without at least waiting for a pullback. Therefore, I think it makes sense to talk about what to sell. One of the defining characteristics of the Trump administration will be “draining the swamp.” That means a lot of things to a lot of ... Read More
Categories: Comments On Events
Positions Mentioned:
December 24, 2016

Indexers Are Running Amok…


So, this should be pretty easy to sort out. Crawford & Co has two classes of stock, A and B. The A shares pay a dividend that is 2 cents a quarter higher than the B shares. There are differences in voting rights, but as there’s a control shareholder, those are irrelevant. Therefore, a simple analysis says that the A shares ought to trade ... Read More
Categories: Comments On Events
Positions Mentioned:
November 17, 2016

Believe In America (Part I)


“The improbable is now possible!!!” That is the last coherent sentence I remember a friend uttering on election night, as I finished off a flight of beers before switching to endless bottles of champagne. I then spent the better part of the next 36 hours roaming the streets of South Beach, yelling “FREEDOM!!” until my voice gave out and buying drinks for anyone who ... Read More
Categories: Comments On Events
Positions Mentioned:
November 6, 2016

Stand Up To Hillary!!


Over the years, I’ve been involved with businesses all around the world, yet America remains special for its unique “system” where multiple interlocking and counterbalancing forces, guarantee that you will be treated fairly. It doesn’t have corrupt civil servants or police extorting you. Instead, if someone does something illegal, you march yourself up the chain of command until you find someone who takes your ... Read More
Categories: Comments On Events
Positions Mentioned:
October 19, 2016

Chris Squared


Recently, my good friends Chris Mayer and Chris MacIntosh “Chris Squared” had a chat on a number of topics that I feel strongly about. In particular, they chatted about how passive investing has created opportunities (more about this in the future) along with much more… Click here for the conversation Categories: Comments On Events Positions Mentioned: none To receive email updates on new posts, ... Read More
Categories: Comments On Events
Positions Mentioned:
Scroll Up