We are now more than a year from the bear-market low of October 2022, and while the bull market isn’t exactly raging, stocks are still up more than 20%. The markets, though, aren’t behaving as they usually do at the start of long-lasting bull markets. In some respects, the past year looks more like the
On Friday we said that in what may be a major reversal in sentiment (one which was subsequently echoed by both BofA’s Michael Hartnett and Goldman’s Tony Pasquariello), the “Fed blackout period begins after the close” just as the “buyback blackout ends.” So looking at this morning’s note from Goldman trader Michael Nocerino, we get
Warren Buffett loves Return on Equity (ROE). But every ratio or formula has its pros and cons. ROE is no different. Here are 5 pros and 5 cons ⬇️ Return on Equity (ROE) is a financial ratio that measures a company’s profitability and efficiency by assessing how effectively it utilizes shareholders’ equity. We can measure
Here are 5 pages of quotes from my recent podcast with Dan O’Keefe (two-time Morningstar International Stock-Picker of the Year). Read them and let me know which one is your favorite…The one that resonates most with you or the one that is getting you thinking the most. Continue reading here.
In this excerpt from his annual letter, investing great Seth Klarman describes 20 lessons from the financial crisis which, he says, “were either never learned or else were immediately forgotten by most market participants.” * * * The Forgotten Lessons of 2008 One might have expected that the near-death experience of most investors in 2008