Valuation-Informed Indexing #398 By Rob Bennett There are lots of people who don’t like to invest...
What Will The Stock Market Do Next? I’ve been asked to comment on the most recent market decline. My initial reaction was, markets go up and they go down. America is a great country but the US Constitution doesn’t guarantee always-rising markets. I sat down and I wanted to write a reassuring message. I wanted...
What Happened to Invisible Hand? The Federal Reserve’s changing of the guard — the end of the Janet Yellen’s tenure and the beginning of the Jerome Powell era — has me remembering what it was like to grow up in the former Soviet Union. Back then, our local grocery store...
Options, Hurricanes and Hedging The purpose of my scribbles is not to provide you with a fish but to teach you how to fish (though sometimes some fish will sneak in). The scribble I am about to share with you I wrote to IMA’s clients in January 2018. Its...
Amazon Is Not a Threat to This Industry Amazon.com has been one of the most innovative and disruptive companies of this century, with incredible success in areas that lie outside of what has been historically perceived as its core business (book selling). Thus every announcement or speculation that Amazon will enter...
Welch vs Bezos A lot of times I won’t have an insight into a business because I don’t understand it or because it’s too complex. General Electric is a great example. As a value investor I should be all over this iconic stock, which is making a generational low. Not...
Pick the best value stocks with our Stock Ranks, screening and valuation tool. Try the live demo today.Guest Postwritten byEvan BlekerWhat You’ll LearnIt’s not okay to copy Buffet at his stage of investingWhy Munger thinks that there is opportunity in small companies.Valuation, Deep Discounts & Catalyst.To get this...
How A Stock Market Turns Investors Into Gamblers Don’t let this wave of stock-market volatility go to your head. The value of the companies in your portfolio doesn’t change by a positive or negative 5% three times a day. Get the value right and the price will follow. For example,...
Exxon Mobil Think Again General Electric’s collapse should have served as a reminder that buying a company based solely on past reputation and dividend yield is a dangerous endeavor. GE is also a great example that dividends are not paid out of earnings, especially massaged-to-death non-GAAP earnings, but from free cash flows. GE’s non-GAAP...
Why I Canceled My Model 3 Order I put a $1,000 deposit on a Tesla Model 3 the day it was announced. At the time I thought of the Model 3 as a smaller, cheaper version of the Model S. So a few days ago I stopped by a...