Monthly Archives: February 2015

Growth Offers the Best Value

In this week’s Barron’s Lawrence C. Strauss has an interesting article on the “growth versus value” debate. It is is a dumb concept invented by quantitative analysts and pension fund consultants that has little utility for real investors who actually … Continue reading

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Famous Random Events in American History

Item: President Obama opined that Americans were right to be concerned that in Paris there were “violent vicious zealots who behead people or randomly shoot a bunch of folks in a deli In Paris.” His spokesman Josh Earnest said the … Continue reading

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Emerging Market Masochism: an Update

As I argued on  December 25, it is unwise for non-specialists to invest directly in emerging market stocks because: You can get exposure to EM economies with far less risk by buying U.S. or European multinationals. Emerging markets are very … Continue reading

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Equity Market Outlook: Still Mediocre but Not Terrible

January’s 3% decline in the S&P 500 is consistent with my observation on December 30 that “Stocks Are Expensive, Offer Mediocre Risk / Reward.” The main issues are: Investors and strategists have become bullish and complacent; they were far more … Continue reading

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