Recent Articles
November 15, 2013
“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both…
November 8, 2013
“On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but…
November 1, 2013
“Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience…
October 25, 2013
“Two roads diverged in a wood, and I— I took the one less traveled by, and that has made all…
October 18, 2013
“The iconic actor Errol Flynn is reported to have quipped that his legendary financial problems lay ‘in reconciling my gross…
October 11, 2013
“Capitalism without failure is like Christianity without hell.” -WARREN BUFFETT Why economies fail. Does it ever frustrate you that our…
October 4, 2013
“A comfortable investor is a complacent investor, and a complacent investor is someone who is about to get his head…
September 27, 2013
“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to…
March 16, 2012
“We live in what most business commentators call a volatile world. I would argue that when the environment is continuously…
March 9, 2012
“Somehow, with QE everything, with a zero percent funds rate, with monetary ‘mastery’ from the people in Washington, I think…
March 2, 2012
“Investing when something is undervalued and waiting for a return to normal valuation is called investment. Waiting to move from…
February 24, 2012
“This is about as serious and difficult an environment as I have experienced in my career…At times like this, it…