What are the biggest changes for investors today since you wrote [One Up On Wall Street]? Data is more available now. The things I was talking about are a lot easier for average folks now, people who want to do some work. Back 35 years ago, we all, say, it was Nike, used to wait
Over the past 30 years, buy-and-hold investors in emerging markets (EM) have endured high volatility for disappointing returns. $100 invested in the S&P 500 in 1989 would have been worth $1,900t today, after experiencing a 15% standard deviation throughout this period. The same $100 invested in EM would have been worth $1,340, having experienced a
Occidental Petroleum is fast becoming one of the linchpins of Berkshire’s portfolio. And, as such, it’s a company that all Berkshire followers (myself included) should become better acquainted with. So I spent the weekend digging up more information on Oxy, its history with Berkshire Hathaway, what Warren Buffett sees in it today — and where
Over the last decade of abundant energy, low inflation, and easy money, anything that could provide growth was priced to perfection hallucination. But then again, what did we expect handing out free money to a generation getting their financial advice from TickTok. My bet is the decade ahead will be the polar opposite, with scarce
As discussed in recent posts, I don’t believe the mega trend has been a US or tech focused trend for the last 10 years. It has been a “private equitization” of the stock market trade – or share buy back trade. And the two best markets have been the markets that have embraced that trend