The Danger of Extrapolating: Teen Fashion Spending Under Pressure; Buffett...
Bloomberg reports on teens cutting back on clothes purchases amid higher gas prices and worsening job prospects. Back in May, I posted a quick note on American Eagle Outfitters (or click here for the...
View ArticleWho Knows Better Than Buffett, Icahn, Pickens & Kerkorian? Journalists!
In one of those semi-ridiculous scenes that pop up from time to time, the back page of today’s WSJ Money & Investing section (called “Heard on the Street”) runs the two following articles [$]: Even...
View ArticleThe Invaluable Follies of 2008
Painful as it was, 2008 was an invaluable learning experience. That may be a gross understatement. The investment turbulence of 2008 may have been a formative experience — one of those events that...
View ArticleHow Buffett Has Failed the True Test of Leadership
I recently finished reading the new Buffett biographay, Snowball. I’m not going to write a proper review of it as I didn’t enjoy the book much and am not sure if my views on it would be helpful for...
View ArticleInverting Your Circle of Competence
The key to successful investing isn’t the successful memorization or rote application of various investment principles. Rather, it is the internalization of such principles and then bending them to fit...
View ArticleThe Misleading Campaign to Discredit Buy and Hold
Today’s Wall Street Journal continues the seemingly coordinated effort to invalidate buy-and-hold investment strategies with yet another article discussing “professional” advisers ditching buy-and-hold...
View ArticleGreen Signals Caution
The title to this post could be somewhat redundant for those who follow a value-investing philosophy. As Seth Klarman might suggest, risk-adverse investors should always exercise caution whether the...
View ArticleDennis Gartman Idiotically Insults Buffett
I have long held the view that a person’s judgment or criticism is more a reflection of that person than it is a reflection on the subject being criticized. My jury on Dennis Gartman, of The Gartman...
View ArticleBarron’s Discusses Random Walks With Burton Malkiel
Two interesting articles caught my eye in Barron’s. I’ll discuss the first today and follow up with another post on the second. This week’s issue has an interview with Burton Malkiel, the renowned...
View ArticleContrast In Approach: Bill Miller vs. Warren Buffett
The folks at Legg Mason must have some pull as Bill Miller features are making the rounds this week: Bloomberg: Legg Mason’s Miller Helps Win Clients as Returns Rise Barron’s: It’s Miller Time The...
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