In 1981, IBM unveiled their first personal computer and in response, Apple, who had created their first personal computer in 1977 and mass produced a second version the next year,…
…forecast its intrinsic value. This investor then compares their estimate of the intrinsic value compared to the market price and if the market price is cheap compared to their estimate,…
…that economic growth, investors thought that inflation could come back too. Keep in mind that when bond prices fall, yields rise (and vice versa). After the election, the bond market…
…a drawdown of more than 10 percent? Back in the early 2010s, US companies were buying foreign companies to lower their taxes in a process known as an ‘inversion.’ A…
…When I told this broker what I wanted to buy, he said, ‘David, I’ve seen a lot of dumb stuff come and go in my career, and buying some spiderwebs…
…be required). The study by BrightScope, a financial information company, reviewed 35,000 Federal Form 5500s that 401k plans are required to file each year with the Department of Labor, from…
One of the big stories inside the investment community over the past 18 months is the announcement by the California Public Employees Retirement System (CalPERS) that they are eliminating their…
…the orders that come through with almost no errors. And that’s just their day job – all of them are key, voting members of the Investment Committee that work on…
…non-investment grade companies, whose financial position won’t allow their bonds to be rated AAA, AA, A, or BBB (forgetting the +/- for each grade). The chart below shows this yield…
…the stock closed at $85 per share, a decline of nearly 70 percent on accusations of ‘aggressive accounting’ and possible fraud. Thankfully, we don’t own the company, but I haven’t…
