Is Higher Inflation Bad News For Stocks? “I remember the $0.05 hamburger and the $0.40 per-hour-minimum wage, so I’ve seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.” –Charlie Munger 06-26-2023 You’ve got to love this quote by Munger to put in all in perspective. Charlie …
How Returns Happen “Markets whip, stall and doddle. They rise, crash, burn, and then, almost inevitably…at some point…. they rip higher.” –Rubin Miller 06-20-2023 I’d like to make one correction to Mr. Miller’s quote above. Historically, markets don’t almost inevitably at some point rip higher. They always at some point rip higher. One hundred percent …
Opposite of a Casino “Historically, the stock market is like a gambling casino with the odds in your favor. Over the long pull, stocks are given something like 9 1/2 to 10 percent compounded per year.” –Burton Malkiel 06-12-2023 Probably my least favorite description of the stock market is that it’s just like a casino …
Check It Out “Eventually you reach a point when you stop lying about your age and start bragging about it.” –Will Rogers 06-05-2023 I’m not quite at that point yet but I definitely get it. Have you ever wondered how common your birthday is? Well to be honest, neither have I. That is until I …
A Meaningful Memorial Day “Courage is almost a contradiction in terms. It means a strong desire to live taking the form of readiness to die” –G.K. Chesterton 05-29-2023 Memorial Day should be our annual reminder of the grimness of war. While we celebrate our successful military operations, we must remember the high cost that many …
The “Impending Disaster” “To tie the debt ceiling to something about whether you break promises of the U.S Government to people all over the world, as well as its own citizens, just makes no sense. So it ought to be banned as a weapon. It should be like nuclear bombs, basically too horrible to use.” …
Thanks Buddy “Now do you see why diversification is your buddy?” –David Booth, Chairman and Founder of Dimensional Fund Advisors 05-10-2023 If you have any doubts about this check out Booth’s current article, The Stock Market vs Stocks In The Market. This is a great reminder of how we can have a positive investment experience …
Thank You Dan “You can learn this from us, or the market will teach you, but the market sends out really expensive tuition bills.” –Dan Wheeler 05-02-2023 The investment world lost a legion with the passing of Dan Wheeler in February. Dan was known for his quick wit and story telling ability. He was a …
Killing Flies With A Sledgehammer “All that glitters is not gold.” –William Shakespeare 04-24-2023 This is especially true when it comes to investing in gold. Unless, of course, you are looking for low returns and high volatility. Then gold is the perfect investment. It will also lead you to the poorhouse. I get asked about …
Looking For Patterns That Don’t Exist “I realized that technical analysis didn’t work when I turned the chart upside down and didn’t get a different answer.” –Warren Buffett 04-17-2023 I wish I did what you did Warren. It would have saved me a lot of time, money and aggravation. Technical analysis involves looking at stock …