This is a ChatGPT-free Zone
So, the market has been going crazy after the election and people keep talking about how ‘overbought’ the market is. Well, the market certainly has gone up a lot in a short time. But is this important or relevant? Back in my technical days when I was doing a lot of research on technical indicators,…
So bonds are ‘crashing’ and stocks are going up. Some say that this can’t continue; you can’t have stocks and bonds go in opposite directions for long before something snaps. Well, this is true to some extent. But it sort of depends on which way the ‘snap’ is happening. What if bonds were way overvalued…
So, continuing with the theme of active investing, I decided to take a look at Pzena Investment Management again. I’ve been watching it for a while and have posted about it in the past, but the stars are lining up more now than before. I think the sentiment against active investing is at sort of…
In his book, You Can Be a Stock Market Genius, Greenblatt talks about using LEAPs to make leveraged bets. The book included his trade in Wells Fargo (WFC, another topic for a future post, I suppose). But sometimes, stocks get down so cheap that they become priced like options. In the Genius book, the WFC LEAPs…
Joel Greenblatt was in Barron’s recently. He is one of my favorite investors so maybe it’s a good time for another post. Anyway, this new fund is kind of interesting as I am sort of a tinkerer; this is like the product of some financial tinkering. I don’t know if it’s the right product for…
So here’s another name that we like to follow around here. Loews Corp is a respected (not by all, I know… there are people who think L needs a big shakeup) value investor and has a good long term track record. Recently, things haven’t looked too good, but it’s still worth tracking what they are…
So, for fun, I wrote a script that grabs manager holdings and compares the portfolio since the last time a 13F was filed. This is available at places like dataroma.com but I wanted to be able to check out my own institutions that may not be superinvestors. When I wanted to diff the 13F files, I…
OK, so this is a continuation of the scary chart series (not really intended to be a series, and not really intending to be so actively posting!). Whenever I see these big charts showing how the markets are overvalued and whatnot, I usually just go back to looking under the hood on what’s really going…
OK, so there was some feedback from my post about the scary chart. A bunch of other scary charts were offered up along with a presentation by the great Stanley Druckenmiller. I am a huge fan of Druckenmiller; he is no doubt one of the greatest traders of all time. When I started out in…
Another post! Don’t assume this is going to be the normal frequency going forward. I think my previous pace of 1-4 posts a month is the best you should expect. Anyway, I came across (again) a scary looking chart, and I hear people screaming to sell everything now, so I thought I’d revisit the issue…