A Dangerous Knowledge Gap

Posted on April 14, 2014

April 15, 2014 A Dangerous Knowledge Gap The Investment View From Prescott, Arizona Over my 27 years in the business, I’ve learned that many investors don’t understand bear market declines – ones that cause stock market losses of 20% or more. One common misconception is that bear markets are rare events. Actually, there have been 25 bear markets over the last 113 years, or one on

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Posted in Money Matters Newsletter bear market, bull market, funds, income markets, investments, market, money, passwords

(Making a) Living on the Edge

Posted on August 29, 2007

Edges are where the social, political and biological action is. Edges are the first places shaped by change. On the edges of seacoasts, forests, riverbanks, civilizations and investment markets—gulls scream, chipmunks gambol, poison ivy grows, ideas germinate, artists flourish and predators wait. Edges are where most of the feeding happens. The edge is where I began operating from in the 1990’s when my investment style

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Posted in Money Matters Newsletter active management, analysis, buy-and-hold, buy-and-hope, investments

The Long and Short of it, I Tell Ya

Posted on August 8, 2007

With the stock market in the midst of a long overdue dip, I have shifted gears in my growth portfolios (Factor 92, Primary Trend, Socially Screened and Global All Star), moving from fully invested to a much more defensive posture that includes both long and short investments. If you have followed my newsletter for a while you might remember the recent description of hedging with “shorts”

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Posted in Money Matters Newsletter advantages, affectionately, calculated, conditions, consultations, correction, description, dramatically, environment, experienced, increasing, indicators, initiation, investment, investments, management, newsletter, opportunity, portfolios, positioned, preserving, regardless, sensitivity, significant, technology

My Trade Secret

Posted on July 17, 2007

How much risk can you afford? Nine out of ten investors, when asked how much risk they are willing to take respond with one version or another of “as little as possible”. That is the way I think, and I’m guessing you think that way too. Let’s face it, losing money is unpleasant. This is why risk avoidance is my number 1 priority in managing

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Posted in Money Matters Newsletter accurately, adjustments, altogether, appropriate, assessing, attitudes, avoidance, begrudgingly, confidently, consequences, depending, described, encounter, financial, heartburn, identified, individuals, investment, investments, management, relationship, tolerance, uncomfortable, understands, unpleasant

Diversification: When More is Less

Posted on March 28, 2007

Diversification: When More is Less The idea that institutional investors are the biggest players in the market is nothing new, but a quote from the Wall Street Journal, recounted by Robert Folsom of Elliott Wave International really caught my eye. “Institutional investing is now largely the business of giants. America’s 100 largest money managers alone now hold 58% of all stocks.” This reminded me of a

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Posted in Featured Articles behemoth, business, changing, comparison, currently, devastating, different, diversification, diversifying, increasing, individual, institutional, international, investing, investment, investments, investor's, management, participants, perspective, recounted, retirement, undiscovered, unhealthy