Today, we talk to an investor and author who has helped the art and practice of valuation for individual investors take a huge leap forward. Before settling into investment management, Tobias Carlisle was an attorney who worked on M&A deals all over the world. Valuation is not some theoretical idea pulled out of the textbook […]
Investing Strategies
Follow the Numbers to These Small Caps and Fixed Income Stocks
Today, I want to follow up on yesterday’s suggestion to follow the numbers. The numbers are clearly telling us that we need to be involved in small-cap stocks and fixed income. The numbers (and common sense) also tell us that tech stocks and the indexes cannot keep going at the current pace forever. Follow the […]
Your Only Defense Against the Investing Lies You’ve Been Told
I am a huge fan of philosophy. I think it should be taught at the high school level, not to push one belief set over another, but to teach the art of thinking. Don’t get me wrong. I am not a learned scholar who writes deep, complicated papers on the topic and can lecture at […]
What the Best Tech Investors are Buying Right Now
Last week, I told you I would circle back and share the latest buying and selling activities of some of the best energy and technology investors. I covered SIR Capital, one of the best energy investors in recent years, but followed that with Donals Smith and Company, a deep-value firm with very little technology exposure. […]
Two Top Money Managers Wall Street Won’t Tell You About
13f filings got a lot of press last week at the deadline. As usual, all the focus was on what the well-known investors were doing in the quarter. The problem is that following these billionaires is probably not going to help you make money. There are way too many eyeballs viewing and acting on the […]
These Valentine’s Day Filings Can Set You Up for Outsized Gains
The 13F filing deadline for institutional investment managers was on Valentine’s Day, and it passed with the usual fanfare from the media. By fanfare, I mean they covered the filings least likely to serve as a launching pad to outsized profits for individual investors. Let me do the opposite, and set you up for some […]
“A Charlie Munger for the Rest of Us”
I recently gave a presentation in Palm Beach to a number of high-powered investors. The topic was my small-cap value and momentum strategy. The power of this strategy raised more than a few eyebrows… And at the end, these investors were convinced this is the best way to make money in today’s market. One of […]
Why “Career Risk” is the Biggest Danger to Your Portfolio Today
Today, I want to talk to you about the biggest risk you face as an investor. Career risk. See, for most people on Wall Street, the most important goal every day isn’t to make you money. Instead, it’s to do whatever it takes not to get fired from a really good job. That’s career risk […]
This Luxury Giant’s Stock Is Dirt-Cheap
France’s LVMH (LVMUY) is a titan in the global luxury goods industry and is guided by billionaire Bernard Arnault and his family. The company’s brands include Louis Vuitton, Moet Hennessey, Christian Dior, Tiffany, Givenchy, Sephora, Bulgari, Tag Heuer, Princess Yachts, and many brands spread across these broad categories: fashion and leather goods, perfumes and cosmetics, […]
After 30+ Years, Here’s My Secret to Making Money in Small Cap Stocks
Everyone loves a single-digit priced stock. This is despite the fact that academics tell us there is no advantage to buying a low-priced stock; instead, they say, a move from $5 to $8 is the same as a move from $50 to $80. That is not exactly true: much of the time, it takes less […]