Changing the Game


Nowhere does history indulge in repetition so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature […]

READ MORE

Moneyball and Your Investments


Moneyball One of my favorite parts from Moneyball is the scene where Brad Pitt is in the room with all the scouts discussing prospective players.  He is annoyed over the team’s financial limitations and has come to the realization that if he keeps doing things the old way he is going to keep getting the […]

READ MORE

Brexit and Your Portfolio


If you follow the financial world closely, or let’s face it, if you’ve been half awake over the last couple of weeks, you have heard all you ever wanted to hear about “Brexit.” Listen to one pundit and it’s the end of Europe and the civilized world as we know it. Listen to the next […]

READ MORE

Investing in M&A


Companies that are set to merge or be acquired often look like strong investment opportunities. This is especially true when their stocks are trading below the stock price proposed in the deal. However, stock price differentials are rarely due to an uninformed market. Instead, the shares are being discounted because of the large number of […]

READ MORE

The Big Bad Mutual Funds


History The history of the mutual fund can be traced back, actually as far as the 18th and 19th century.  The idea that we know today was really formalized in the 30s and 40s and became prominent in the 1950s.  Rapid growth in the stock market through the 80s and 90s drove even more money into mutual funds.  To […]

READ MORE