Investment Strategy

Winter officially began last Sunday, with the arrival of the winter solstice. Recall that solstice means “standing-still sun;” and on December 21 at 5:23 p.m. EST the sun stood still over the southern Pacific Ocean (Tropic of Capricorn). At that time the sun’s rays were directly overhead, giving the impression the sun was truly standing […]

“Give me a ticket for an aeroplane I ain’t got time to take no fast train Oh, the lonely days are gone I’m coming home Oh, my baby she wrote me a letter” . . . The Box Tops: The Letter So, we obviously entertain hundreds of emails daily. Even more so since Andrew Adams […]

“After 28 years at this post, and 22 years before this in money management, I can sum up whatever wisdom I have accumulated this way: The trick is not to be the hottest stock-picker, the winning forecaster, or the developer of the neatest model; such victories are transient. The trick is to survive. Performing that […]

Living with a loss is folly, taking a loss is wisdom.” . . . Lewis Owen For years we have quoted Benjamin Graham’s book The￿Intelligent￿Investor, which Warren Buffet has said is the best book ever written on investing.The operative quote from said book is “The essence of portfolio management is the management of risks, not […]