Latest News

  • Mutual Fund Management – An Extreme Waste of Talent

    Originally published in July 1998: INDEXES ON 6/30/98 DJIA 8,952.02 S&P 500 1,133.84 NASDAQ 1,894.75 STOCKS ARE OVERPRICED! THEY ARE NOT GOOD BUYS RIGHT NOW! THIS IS A MANIA!...

    • Posted September 15, 2006
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  • S&P 500 Index Stomps Active Managers

    Originally published in June 1998: The market’s advance has weakened significantly in all but the larger cap stocks that make up the Dow and S&P 500 indexes. This may...

    • Posted September 15, 2006
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  • Great Book

    Originally published in May 1998: Stocks have gotten way ahead of the fundamentals (earnings, dividends, book value, you name it). Right now the only reason they’re going up is...

    • Posted September 15, 2006
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  • The Beardstown Bamboozlers

    Originally published in April 1998: The market has shown incredible strength….but it probably won’t last much longer. The riskiness of equities has increased significantly in the last couple of...

    • Posted September 15, 2006
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  • Internet Resources

    Originally published in March 1998: The economic growth experienced over the decade of the 90’s has been impressive. But as this century comes to a close the situation surrounding...

    • Posted August 28, 2006
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  • Lessons From the Investing Legends

    Originally published in February 1998: The market continues to digest the news of Asia and the president’s image problem. Of these two concerns, the greater risk to prosperity by...

    • Posted August 18, 2006
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  • Pessimism Breeds Investment Failure

    Originally published in January 1998: 1997 has flown by. The “real world” portfolios made acceptable gains, but couldn’t come close to matching the 31 percent return of the S&P...

    • Posted August 17, 2006
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  • Technology Spawns Wealth

    Originally published in December 1997: Writing this newsletter is a chore some months, but I have found a way to make it easier and probably even more informative. The...

    • Posted August 14, 2006
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  • Treasure of the Sierra Madre

    Originally published in November 1997: Despite the recent weakness triggered by Asian currency devaluations and fears of more to come, the U.S. market should continue to forge ahead.  It...

    • Posted August 12, 2006
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  • Lagging Results

    Originally published in October 1997: The market recently broke out of its trading range, if you ignore the DJIA. Expect the upside action to continue as the year ends....

    • Posted August 8, 2006
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