…$73.3 trillion. Less than six months later, as of Friday, the value of all stocks is now $57.6 trillion, a difference of $15.7 trillion. These numbers are so big that…
…or eight-month lag, depending on the economist that you listen to. Since ‘everyone’ knows that, seeing it level off is good enough. For more on the housing computation, click here….
…equal-weighted strategies (click here for a refresher), the exposures in the buyback approach make a lot of sense. First, there is a lot of exposure to value stocks. As described…
…decision to go short appears to be a very good one. Total return for the short-term portfolio was only .20%, but compared to -1.19% for the long-term portfolio over the…
…that we don’t (the third being direct investment in commercial real estate). We wanted to avoid high cost, low liquid investments that are often not very tax-efficient. It was interesting…
…Or, if it is rigged, we’re protecting you from it. I don’t think that’s the case, I don’t think it’s rigged. But trading does require a constant eye because, if…
…0.19 percent in 2015). As always, we will do the best that we can in the environment that we’re dealt. Although it wasn’t based on the Japanese experience, we did…
…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…
…$8 billion and used borrowed money to pay for the rest, also known as leverage, which is interesting because Buffett famously said, ‘if you’re smart, you don’t need [leverage], and…
