My colleague over at Complete Growth Investor, Tom Jacobs, and I have a long-running discussion over Microsoft (MSFT) and its ability to maintain its earnings power. Tom asserts that Microsoft’s days as a near-monopolistic giant are numbered as personal handheld devices and computers converge to some hybrid. Perhaps as an artifact from my computer science [...]
Regular readers of this blog know I place a premium on cash yields on my portfolio. But this emphasis on dividends has gotten me into trouble in the past. Yes, I’ll say it: “My name is Davy Bui and I am a recovering yield pig.” My past experiences with stocks like American Capital (ACAS) and [...]
The title to this post could be somewhat redundant for those who follow a value-investing philosophy. As Seth Klarman might suggest, risk-adverse investors should always exercise caution whether the economy is sprouting green shoots or withering away, during bull and bear market alike. In his classic tome, Security Analysis, Benjamin Graham counseled investors to treat [...]
Strangely enough, I found this primer in a Financial Times book review: FT: Why Your World is About to Get a Whole Lot Smaller As the review states, the concept of peak oil generates semi-emotional responses, from the true believers’ apocalyptic preparations to the skeptics’ derisive dismissal due to supreme belief in human ingenuity. But [...]
Both are members of Barron’s Roundtable and are making the rounds on the Bloomberg media circuit, sounding rather sour on the US economy: Gross Says US Won’t Be Able to Exit From Aid Programs Delphi’s Black Calls S&P 500 Index `Overpriced’ Gross’ comments regarding the structural changes occurring in the US economy are elucidated in [...]
Seems as if the market is finally catching on to what I’ve been saying in this blog for months: any recovery in the economy must necessarily lead to a rebound in commodities, especially considering the producer cutbanks in response to plunging prices. Today’s Wall Street Journal carries an article along similar lines: Emerging Nations Buoy [...]
