…(and sales pitches) is focused on new technologies: big data, artificial intelligence and machine learning. I don’t pretend to be an expert on these matters, but here’s how I understand…
…things that we can: stocks, bonds and all of the hybrids in between. Hedge funds can use more techniques like short-selling, leverage, derivatives and they can be heavily concentrated. None…
You know the Berkshire Hathaway annual meeting is coming up when every financial media outlet has a story on the company or its leader, businessman and investor extraordinaire, Warren Buffett….
…this fund owns futures contracts on Bitcoin, not actual Bitcoin. When used correctly, futures and other derivatives don’t bother me. We have some exposure in our funds, but not much…
…funds called the Primary Fund that ‘broke the buck’ after Lehman Brothers went bankrupt. In this case, the Primary Fund was holding commercial paper issued by Lehman Brothers and when…
Interest rates are low and many investors are worried about rising rates, which can hurt bond prices. As always, Wall Street has rushed to the aid of investors by creating…
…has more than made up for the underperformance from the first year. Over the second half of the period we saw some volatility in rates, but most rates currently sit…
…evidence and a strong theory, but as far as the future goes, promises are hard to make, especially in a regulated industry like ours. But here’s an example of a…
…the ticker symbol: CUBA. The Herzfeld Caribbean Basin fund doesn’t invest in Cuban stocks because as a Communist country, there are no Cuban stocks! The fund does invest exclusively in…
…Partners, Fidelity Contrafund, Royce Special Equity Investments, Fairhomle fund and found basically the same results to varying degrees. I will say that this is a casual look on my part….
