The greater fools still partying in the first-class lounge are in denial that even the greatest, most technologically advanced ship can sink.
On April 14, 1912, the liner Titanic, considered unsinkable due to its watertight compartments and other...
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This week on our Masters in Business interview, Bill Miller of Miller Value Partners, which manages $2 billion in client assets. Miller is best known for running Legg Mason’s Capital Management...
The weekend is here! Pour yourself a mug of Organic Fair Trade French Mexican coffee, grab a seat by the window, and get ready for our longer form weekend reads: • Who gets to be reckless on Wall...
Succinct Summations for the week ending July 10th, 2020. Positives: 1. Despite terrible news flow, Markets stabilize, recover. 2. Home mortgage apps rose 5.0% w/o/w, above the expected decrease of...
I have been mulling over a somewhat contrarian theory as to why the US markets seem to have decoupled from the U.S. economy. I have a commentary with lots of data on this coming Monday, but I...
My end of week morning train WFH reads: • The world falls apart as the US withdraws: An administration that cannot govern makes a stark contrast with China (Financial Times) • The Tanger Outlets...
Not every older Ferrari is beautiful or collectible. There is an entire run of cars in the 1970s — a not especially great era for automotive design — that we can all do without. I never found the...
After a small...
Is the Stock Market Overvalued, Cheap or Just Right? A Debate Valuation metrics can help in investment decisions, but they’re also subject to misuse and misinterpretation. Bloomberg, July 9, 2020...
My morning train WFH reads: • Will Mega-Stimulus Bring Inflation After COVID and Recession Are Gone? Unlikely. Here’s why, despite all that federal money sloshing around in the system, price rises...
Source: Real Economy Blog Joe Brusuelas does some very interesting work in “the middle market,” e.g., midsize companies. His recent analysis of where the Coronavirus is being managed well and...