I HATE excuses. Over the years, I’ve learned to not mind mistakes. We all make them. We all will continue to make them. But excuses…excuses are the worst because they prevent us from learning from those mistakes and not repeating them. And from my years on Wall Street, I can tell you industry is built…
Details“Andrew, you’ll love it. There are chickens running around everywhere…and a goat…and a cow…right in the restaurant! That’s what one of my local business contacts told me last time I visited Moscow. He was 100% right. About a mile down the Moskva River from the heart of the city. Far from the ominous shadows of…
DetailsThis is probably the greatest economic indicator of all. It will tell you when unemployment will truly start to decline, when GDP will surge, and when the American consumer will start truly shopping again. You won’t see it in the headlines though. The Bloomberg Economic Calendar says there’s more than a dozen economic reports slated…
DetailsHave you ever wondered if you should be your own money? You’re not alone. Three of four losing trades in a row will make any investor wondering whether they should be doing it for themselves. So I’ve put together a test to know 100% whether you should be doing this for yourself.
Details“We always make money…” That’s what a professional trader told me while standing in the raucous trading pits. The words would repeat over and over again my head in the following days. It was brilliant, I thought. Perfect. Perfect for any market. But then I really started studying it found it was even better.
DetailsIf you’re looking to increase your returns, better timing is the quickest way. Most say it’s impossible. They likely became frustrated with the lack of results – even if they were somewhat successful at it – with their first few attempts at it. I can tell you though, they are wrong. I’m not going to…
DetailsMohamed El-Erian has never been just a “typical investor.” His grasp of the cross currents impacting the investment world is impeccable. Few have been as influential or accurate. In 1999, he dumped $2 billion of Argentine debt two years before the country defaulted. At the time, no one believed the country would stop paying its…
DetailsYour editor has hesitated from calling for market crash for years. We’ve watched countless others do it. But it always seemed too easy and, to put it bluntly, dead wrong. We knew the fundamentals were there to support the current bull run. And they were getting better. We also knew big companies borrowing money cheaply…
DetailsProstate cancer seems like the forgotten cancer at times. There were about 205,000 new breast cancer diagnoses this year. There were about 220,000 diagnoses of prostate cancer this year. But breast cancer gets all the attention. Every October it seems the whole world turns pink to promote breast cancer awareness. The NFL promotes it heavily…
DetailsThe odds are stacked against you as an investor. You have a job. You have a life. You just don’t have time to investigate opportunities like a professional analyst who covers 10 stocks, visits the companies, talks to management regularly, and pores over word of quarterly earnings conference call. Professional investors have so many advantages…
Details[Biotech stocks] are beginning to dangerously resemble the dotcom mania of the 90s. That’s the warning from the Telegraph last week. The timing of the warning isn’t surprising. The Nasdaq Biotechnology Index fell 10% last week. It is only it’s fourth 10% or greater decline in the past five years. Naturally, with the stocks already…
DetailsLong time readers know we don’t worship Warren Buffett. He’s done extremely well. He has earned much of the respect and adulation he receives too. But we realize he’s also benefited greatly from leveraging up (investing front end cash flows from insurance premiums) throughout a 50-year bull market and has taken advantage of numerous crony…
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