What to do when your pets act like basket cases? My first act is to turn off my Bloomberg console. Why torture yourself if you’ve got a...

Laurels for reaching the $500 mark go to consistent growers in prosaic businesses. UnitedHealth Group and Costco, for example. Five years...

My belly button is signaling a bear market is an even money bet. The Street and Federal Reserve Board believe they can manage through...

Pundits spar over whether the FRB ends quarterly bumps at 4%, maybe 4.5%. Financial history suggests this is foolish quibbling. I see 6%...

Near total carnage in financial markets going back some 50 years rests in the consciousness of just a few of us still running money...

One morning at Newport Beach, 50 years ago, I opened the sliding screen door of my room and walked out on the balcony that faced the...

Dozens of portfolios run by high energy overachievers, again left me cold in their results. Not that the market dwelled on Easy Street....

Whenever I review an academic’s research on art markets that invokes integral calculus equations, I fling such into the circular file...

Sooner or later, the Great Humbler strikes us down to bedrock valuation. Look at tired blue chips like AT&T and General Electric. Ma Bell...

In the good ol’ days, 1950s, growth stocks were barely acceptable. There were a few exceptions, like Polaroid and years later Xerox,...

I’ve a soft spot for junk, but I’m still a realist. Anyone can throw money at Apple and Microsoft then sleep soundly. But, buying stocks...

Early sixties on I’ve ignored what’s called GDP stocks. Managements, 50 years ago, like General Motors, General Electric, U.S. Steel et...

With due respect to Jimmy Cannon, the great sports journalist back in the fifties. By yearend, Trump is tried on charges of insurrection...

Some 60 years ago, I’d disclaim on growth stocks, promising my firm’s clientele 2% monthly gains in Polaroid and Xerox. My partners...

Today’s growth stocks are Warhols, Basquiats and Jeff Koons’s, not the likes of Apple, Microsoft, Meta-whatever and Alibaba. These babies...

“Don’t shoot the piano player. He’s trying as hard as he can.” – President Harry Truman No tech or basic industrials. I’ve sold down...

The ugliest word in financial mumbo jumbo is stagflation. Stands for little or no growth with inflation running north on the page. The...

Long historical memory can distort the present or focus it brilliantly. What’s coming next? I once terminated a very bright 50-ish...

Nowadays, when blindsided by a big earnings shortfall, the write-down overnight ranges anywhere from 15% to over 25%, as in Netflix....

I’ve lived long enough to hate my Microsoft position which is too low-cost to sell out and pay the tax man. But, Microsoft past 12 months...