“It’s not what you don’t know that kills you, it’s what you know for sure that ain’t true.” -MARK TWAIN Often unknowingly, we perform risk-reward calculations in our daily lives. Something as basic as eating dinner at a restaurant involves risk, though you may not… Read More
“You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.” -BEN GRAHAM, WARREN BUFFET’S STOCK MARKET MENTOR In this latest issue of Points to Ponder, we are altering our usual format a bit… Read More
“Everybody that manages money is waiting to catch the signal that the Fed will reverse course. I think they’re on a hair trigger. So I think the Fed will try to give little signals…but, in the end, there are an awful lot of people that want to… Read More
“When I find myself on the side of the majority, I know it’s time to find a new place to side.” -MARK TWAIN 1. Post-financial crisis market rallies have tended to run out of steam when Market Vane’s Bullish Consensus Stock Index has hit current… Read More
“Forget whether one is bullish or bearish, hawkish or dovish, a Central Bank with no credibility is dangerous.” -MIKE O’ROURKE, author of The Closing Print POINTS TO PONDER 1. Four and a half years ago, during the worst bear market since the 1930s,… Read More
“Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.” -ALAN GREENSPAN, 1966 It may come as somewhat of a shock to even casual EVA readers,… Read More
“If you want to have a better performance than the crowd, you must do things differently from the crowd.” -SIR JOHN TEMPLETON POINTS TO PONDER 1. Significant outflows from an investment sector have consistently provided excellent buy signals over the years. If past… Read More
“Higher markets in the face of eroding fundamentals can be a toxic combination.” -Super-investor, SETH KLARMAN Who knew? No one has ever accused me of being politically correct. However, I do try to avoid being politically offensive; therefore, in this week’s EVA, I’m… Read More
“We all know it’s going to end badly, but in the meantime we can make some money.” -JIM CRAMER POINTS TO PONDER 1. The contrast among a soaring stock market, rising interest rates, and flaccid corporate profits has become more vivid. Excluding financials,… Read More
“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs.” -WARREN BUFFETT Why is it that bull markets take on a life of their own, often rising much more than fundamentals… Read More
