The market always does its best to price in risks with its stocks. Boeing has had quite a bit of risk priced in already, but we may be underestimating the total cost of this fiasco. The two Boeing 737 MAX aircraft that fell from the sky and killed everyone on board has resulted in the […]

Some may think that an actively managed fund should at least beat the market, because this is what we pay them more for. 78% of them fail to even do this. It’s pretty common knowledge these days that about 8 out of 10 active funds fail to beat the market, in spite of all the […]

We’ve been speaking about how risky bonds are right now and to expect a significant pullback. Few bond investors really understand even why such things should matter to them. It takes very little understanding of bonds or markets to get why the run-up that we’ve seen with bonds over the last year should concern us, […]

It costs about $50,000 a year for tuition alone these days at top schools like Harvard and Yale. Whatever all this money buys, teaching them to reason well isn’t on the list. The iconic Harvard/Yale football game has been held every year since all the way back in 1875. Neither of these schools are known […]

When we see a company such as Kraft Heinz get hammered so much, we usually think that it’s the grocery business itself that is to blame. This has been all by their own hand. Given the sheer ugliness of Kraft Heinz’s stock over the last few years, and we might want to try to explain […]

Given how large the grass roots campaign against wealth inequality has grown, with two presidential candidates now in tow, if we’re going to improve this, we need to be careful. We see all sorts of numbers out there telling us just how concentrated wealth is among the elite, the top 1%, the top 0.1%, the […]

Should Elizabeth Warren become elected president, and should her proposed tax hikes get put into place, the estimates of a 20-30% loss in the stock market may be on the low side. It isn’t all that easy to predict what effect having Elizabeth Warren as president might do to the stock market, but by just […]

Investment advice has always been pretty crusty, and this definitely is the case with what we do after retirement. There’s too much on the line to be stuck in the past. We’ve also come a long way with our understanding of markets and investing, at least on the leading edge, although we still are very […]

People have been concerned for a while now about the risk of an upcoming pullback in stocks. There are good ways to protect yourself, but you have to actually take the reins. While we usually think of investment as the pursuit of positive returns over time, and that’s a big part of the reason why […]

Broadridge Financial should be as stable of a company as they come. They make their money in both good and bad times. The company’s stock is far from stable though. Sometimes we may wonder if they send analysts out in the wilderness to live in isolation and send their reports about their neck of the […]