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Popular Posts
The Fed and Interest Rates: Lessons from Oz
In my last post on equity risk premiums and the market , I argued that the equity markets have been priced on the presumption that the Fed h...
Equity Risk Premiums (ERP) and Stocks: Bullish or Bearish Indicator
If you have been following my blog postings, you are probably aware that I have an obsession with equity risk premiums (ERP), and have done ...
Apple: News, Noise and Value
As has been the case for much of the last two years, the Apple earnings report on April 24, 2013 was a media event, previewed endlessly on i...
A Sweet Spot for US Equities: Opportunity and Dangers
The US equity markets are on a roll. Today, the S&P 500 hit an all time high, just weeks after the Dow also broke its record. While it h...
The Golden Rule? Thoughts on gold as an investment
Paraphrasing Winston Churchill, gold is a "riddle, wrapped up in a mystery inside an enigma", at least as far as I am concerned. I...
Keep it simple!!
While I took issue with a great deal of what Mr. Buffett said in the last post, there is one point on which I completely agree. Keep it simp...
Thoughts on intrinsic value
I know this post will strike some of you as splitting hairs and an abstraction but it is a topic that fascinates me. A few weeks ago, I got ...
Financial Alchemy: David Einhorn’s “value” play for Apple
If you are an Apple stockholder, yesterday was an eventful day. First, you had David Einhorn becoming more “activist” with his Apple holding...
Back to Apple: Thoughts on value, price and the confidence gap
I know that you are probably sick and tired of reading about Apple, and I am getting close to that point too, but this post is really more a...
Default and Bankruptcy: Black, white and shades of grey
The talk of default is all around us, as we watch Greece and Italy struggle with impending disaster and the fight over debt limits in the Un...
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