Category Archives: Uncategorized
Don’t blow the client up.
Gretchen Morgenson worries about muni bonds, given the lack of disclosure on whether states and municipalities will give pensioners haircuts to make lenders whole. Robert Samuelson discusses the benefits of the baby boomers at the economic expense of younger generations. … Continue reading
Few journalists have done as much to popularize and study CAPE as John Authers (maybe only Brett Arends). This interview explains what CAPE is, but Authers’ interlocutor thinks a historically high CAPE is sustainable. Earnings go up over time, as … Continue reading
Fundamental (RAFI) Indexing is not investing; it’s randomizing errors. There’s no value component to it. Fascinating…..
Losing my Religion, Sam Lee, Morningstar Large-Caps Vs. Small-Caps, Avondale Asset Management Using Investment Checklists, Mariko Gordon Ingersoll-Rand Completes Allegion Spinoff, Stock Spinoffs
You betcha. Thanks to Mebane Faber for reproducing these two Leuthold charts.
A short one here. Gundlach indicates that he has to be cognizant of all asset classes to understand bonds. He also comments on Amazon, saying he’s “mystified” at its elevated price relative to its current earnings.
Go. Waste your money on some rubbish at the mall. But next time Black Friday comes on the markets, don’t forget to buy. –Brett Arends