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
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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
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January 4, 2017

Real de Catorce and Onto 2017…


While I was in Mexico, December the 12th was the Feast of the Virgin of Guadalupe. If you want to learn more about the holiday, go to Wikipedia, but the key takeaway for me, was that Mexico effectively shuts down for a few days. That’s all fine and good, because despite multiple trips to Mexico, there was one thing that I’d never been able to Read More
Categories: Travels
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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
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December 17, 2016

Mexico Is Having A Yuuuge Donald Trump Victory Sale


I am writing to you from Santiago de Queretaro, Mexico, where the whole country is having a yuuuuge Donald Trump victory sale. Mexico is one of my favorite countries to visit. It combines a laid back attitude, friendly people and an outstanding culinary tradition. It also helps that it’s currently one of the cheapest places on the planet—one of many reasons that I’ve spent Read More
Categories: Investments
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