Focus On What You Can Control
Andrew Ang has published online draft versions of some sections from his forthcoming book, Asset Management, and from what I’ve…
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Dividend Delusions
Just a short post to highlight the frothy premiums currently being bestowed upon the ‘slow and steady’ blue-chip dividend stocks…
Excess Returns with Momentum
“ the single largest inefficiency in the market. There are plenty of inefficiencies, probably hundreds. But the overwhelmingly biggest…
How to Beat the Market, and Why Most Investors Don’t
Despite the thousands of mutual funds and Advisors all purporting to offer a better approach to investing, it is universally…
The Evolution of Strong Groups
Recently Falkenblog pointed to a study he came across in Jonathan Haidt’s book, The Righteous Mind, on the dynamics of group selection in evolution.…
Sky-High Bullish Sentiment Suggests Caution is Warranted
We have not yet tested these sentiment indicators for significance, but with stock market sentiment reflecting such extreme bullish confidence,…
Newton’s First Law of Market Mechanics
“A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined,…
Retirement at the Casino
Clients and others who have seen us speak, read our material, or know us at all, understand that we at…
