…billion. Berkshire’s biggest businesses, insurance, railroads, and energy, only account for 40 percent of the total revenue. The fun companies that he always talks about, like See’s Candies and the…
…euro. Therefore, what happens to the dollar matters greatly to US companies that do business overseas, which is almost all large-cap companies. That’s also what makes “the dollar” a little…
…global financial crisis. Before the crisis, the percent of people employed was in the low sixties. The crisis comes along, and the percentage falls to the high fifties. Then, the…
…for each company in the index and then divide by the number of stocks in the index. When Charles Dow first created the index in 1896 for the Wall Street…
…a lot of it has been good old-fashioned speculation as prices have outrun earnings. This is evident when looking at prices through the lens of company fundamentals. Consider the price-to-earnings…
…far less tax-efficient than stocks – almost 25 percent of the return is lost to taxes. That makes sense because most of the return from bonds comes from interest income,…
…fees not included in the asset management costs: legal fees, taxes and something called ‘monitoring and oversight’ fees. That last one sounds funny to me, since I would have assumed…
…anyone see The Terminator?. I’m nervous about the unintended consequences, like the connection between social media and teen depression. From an investment standpoint, I’ve heard pitches for AI-powered strategies for…
…of our duties is to determine the client’s willingness and ability to take risk. Helping clients understand their risk tolerance is important so they are comfortable with their portfolio’s volatility,…
…micro cap fund that we use, which goes back to 1981, and found that the 12-months ending on September 30th fell in the 11th percentile in all of the 12-month…
