Investment Strategy

“Time is Archimedes’ Lever in Investing – Archimedes is often quoted as saying, ‘Give me a lever long enough and I can move the earth.’ In investing, that lever is time. The length of time investments will be held, the period of time over which investment results will be measured and judged, is the single […]

Ned Davis wrote the book “Being Right or Making Money” in 1991. We mention it this morning, because we are doing a conference call today with Ned at 10:00 a.m. (register here). As most of you know, Ned is one of the best on Wall Street. The book resides on my desk, because I often […]

Recently, much has been written, and said, about a retest. The reference is about the major indices pulling back to their recent December closing lows, creating a double-bottom in the charts. In the case of the S&P 500 (SPX/2596.26) that would mean a pullback and retest of the December 24, 2018 closing low of 2351.10. […]

Most people acknowledge that losses will happen regardless of the type of business venture. A light bulb manufacturer knows that two out of three hundred bulbs will break. A fruit dealer knows that two out of every one hundred apples will rot. Losses per se don’t bother them; unexpected losses and losing on balance does. […]