April 2, 2010

Miami Condo Market–No Bottom In Sight


I live on Miami Beach. It is the epicenter of the condo boom and then crash. For four years now, every hint of a bottom has been greeted with applause. Everyone wants to call the bottom—or at least hope that prices cannot go lower. Everywhere you look, people want to declare victory. I thought condo prices were silly as they went up. I think Read More
Categories: Comments On Events
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March 30, 2010

The Kuppy Plan (How To Fix The Housing Market)


Dear Comrade Obama, Last week, I learned about yet another (soon to be failed) plan to fix the housing market. Like all plans before it, this one will only serve to waste government funds and instill false hope. I thought I would write to you with my own plan. Let’s call it the Kuppy Plan. I must say that I am proud of the Read More
Categories: Comments On Events
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March 24, 2010

MF Global


I normally invest in companies, but occasionally, something sets up just right for what I’ll call a trade. A trade is an investment that is intended to last from a few days to a few months depending on various conditions. Basically, this is an investment with a near term catalyst. The goal is to buy shares right away, average down if it goes against Read More
Categories: Investments
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March 21, 2010

Why Invest In Smaller Companies?


To me, investing is about making the most money possible while taking the least possible risk. To do that, you need to figure out where the big gains exist. Study after study has shown that over the past 100 years, smaller companies share prices’ have outperformed larger companies—often by a massive margin. Let’s face it, Wal-Mart is a well run company. It could double Read More
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March 21, 2010

When To Sell?


Selling is always the hardest part of investing. If you get the investment wrong, you should sell. It’s simple. Your only real decision is if you sell right away because things are about to collapse or if you should wait for better prices. This is on a case by case basis. A lot of the time, you just get tired of holding an investment. Read More
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