Why Investors Shouldn’t Listen to Out-of-Touch-with-Reality Theorists

Eugene Fama

The efficient market theory says that you can't really beat the market because the market already has all the information available baked into the cake. So why bother? If this were true Warren Buffet, George Soros, Peter Lynch, and John Templeton … [Read more...]

Investing Defensively

Winning Investments

Over the last few years since the 2008 crash many people have been playing "defense" with their investments out of fear that another crash is around the corner. The problem is that the market has rebounded regaining much of its losses and the common … [Read more...]

When Investing Leave Your Herd Mentality at the Door


Just like buffalo people often feel safer in herds.  In most situations this is not a problem, but in some instances (like investing) herds of people act more like lemmings than buffalo, which can land you in serious financial difficulty.  Here’s … [Read more...]

With Summers Out: Which Way for Stocks?

Larry Summers

I've never been a fan of Larry Summers. Perhaps he was too smart for his own good. After all, he was responsible for driving Jack Meyer out of managing the Harvard endowment fund. Meyer took the Harvard Endowment from $4.8 billion to $25.9 billion in … [Read more...]

Will Africa Finally Shed its “Dark Continent” Image?


For centuries now, Africa has been a wild and unknown place full of impenetrable jungles and steeped in mystery earning it the name the "Dark Continent". Several countries in Africa including Kenya, Ghana, Nigeria, Congo, and Rwanda  are embarking on … [Read more...]

Is Obama’s Black Swan Coming Soon?


What is a "Black Swan"? According to Wikipedia... The phrase "black swan" was a common expression in 16th century London as a statement of impossibility. The London expression derives from the Old World presumption that all swans must be white … [Read more...]

Signs of the Top


It  may seem like we are constantly beating the drum of a top in the market with recent articles like  the NASDAQ ROC stock commentary , Obama’s Comments Worry Stock Bulls and today's Signs of the Top, but each of these articles was developed … [Read more...]

Obama’s Comments Worry Stock Bulls


In my recent NASDAQ ROC stock commentary I said, Caution: Watch for the next sell signal. From the sell signal in July of 1996 to the final Sell signal in April of 2000 was roughly 3 ½ years. The time from the sell signal in April 2004 until the … [Read more...]

Tapering vs. Economy And Trends

Coy? I'm not being coy.

Everyone is aware that the "recovery" is lame and is primarily an illusion due to the printing of funny money by the FED. What effect will it have if the FED shut off the spigot over night? Well just the thought of that idea recently sent shivers … [Read more...]

Retirement Investing

Investing when you think we're in a bubble

As retirees (or future retirees) we need to take responsibility for our financial future. And that includes choosing investments and planning income strategies. In the good old high income days, it was easier to invest in income producing assets and … [Read more...]