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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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, […]

When Boeing (BA) was building a seemingly dominant position in commercial aviation in the 1960s and 1970s, passengers’ faith in its relentless focus on quality inspired the slogan: “If it ain’t Boeing, I ain’t going.” To say that the quality of Boeing’s products in recent decades has gone downhill is an understatement. That’s why, today, […]

The multinational financial services group Citigroup (C) is best known as the parent company of Citibank. This bank has a long and rich history, having been founded in 1812 as the City Bank of New York, and later becoming First National City Bank of New York. But in recent decades, it has become the one […]