At midyear, looking at sector weightings in the market, technology has blossomed to 28%. Unless brave enough to put serious assets into a...

I’ve spent over 60 years on the Street, but never carried Treasury bills until recently. Now I own a garbage bag full of ‘em, losing...

Early on, a rim man on the copy desk of a publishing house, all six of us were confirmed horse players. The guy who took our coffee...

“ Get a hunch and bet a bunch.” we used to quip. But, those days are long gone. Today, socially accepted money management is serious, but...

I never, ever expected to encounter a chart like this one: Two-year Treasuries which historically sell at a discount to 10-year paper...

For 2- year Treasuries its yield premium over 10-year counterpart still widens, unrelentlessly. I bought a basketful of 2-year notes when...

Sole item I trade-in daily is my jockey shorts. For me, speculation is dead for now. My old $10 ragamuffins like Dish, Teva and Rivian...

Warren Buffett’s celebratory annual meeting differs markedly from its annual report which is a boring composition that goes on and on in...

In the good old days, 1960’s, I’d run 150% long and curse the FRB chairman when he took away the punch bowl and raised margin...

When an annual report opens with the phrase “your company” toss it in the wastebasket, immediately. It is not your company. It’s...

I was just a kid when Ted Williams batted 406 for Boston. An awesome hush would grip the stands, when Williams, all business, settled...

Lemme tell you about the Sosnoff family's most precious possession during the Great Depression. It was a scratched-up, black, upright,...

Jay Gatsby worshiped good taste in clothes, women, even swimming pools. But, he was gunned down. F. Scott Fitzgerald, author of the Great...

Past week, with the Saudi cutback of a million barrels of production, oil stocks jumped over 5% while Tesla dropped 7% overnight. I’m...

Nobody believes me when I tell them how I sold newspapers in front of Yankee Stadium when I was barely six years old. It’s true. My...

Morris Shapiro, who ran his bank stock trading house over 60 years ago with great elan, used to say: “There are more banks than bankers...

I know. Buffett’s a year older, still buying oils and sitting with his monstrous position in Apple. When I told my 3-year-old standard...

We’re in a morality play. Pretty sure the S.O.B.’s take away the punch bowl. Before long they’ll have Fed Funds at 6%. Hope I’m wrong on...

Will Rogers got it right when he said “If you buy a stock and it goes down, you never should’ve bought it.” Valuation structure can take...

Downdrafts in market sectors typify this chart on Internet performance mid-2000. Note collapses of 50%, 60%, even 75%. Past 12 months...