Buffett’s Silence Speaks Volumes as He Sits on a Mountain of Cash
When it comes to sky-high market valuations, Warren Buffett doesn’t have to speak. His mountain of cash does all the talking. “Sky-high” was the exact…
Read nowHow Cycles and Position Sizing are Connected
We’ve been talking about cycles for the past few weeks. You can get a refresher here: What Investors and Farmers Have in Common:…
Read nowBig Tech is a Hot Mess, But Microsoft Floats Above the Fray
The world of big tech looks like a chaotic, bruising, conflicted hot mess right now. And then there is Microsoft, floating above the fray. The…
Read nowThe WeWork Implosion is a Spectacular Example of a Cycle Top (and Era’s End)
WeWork was, at one time, a Silicon Valley “unicorn” of legendary status. Now it is unicorn roadkill. In August, we argued that “The…
Read nowBuying Puts on Transport Stocks as a Protective Hedge
The U.S. stock market is in an uncertain place right now. The Dow and S&P 500 are not far from their all-time highs, but technology…
Read nowThe Lotka-Volterra Equations: Nature’s Ode to Boom and Bust
Why should investors pay attention to cycles? For the same reason farmers pay attention to seasons. To maximize the harvest, a farmer has to know…
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How Many Stocks Should You Own?
We told you about the second most-asked question we get at investment conferences – how does an investor more effectively manage all the stocks…
Read nowNegative Interest Rates Could Be Coming to the USA
Ever since the financial crisis of 2008, monetary policy has had an “Alice in Wonderland” feel. The whole thing has been a crazy experiment —…
Read nowWhat Investors and Farmers Have in Common: The Enduring Power of Cycles
What do investors and farmers have in common? Their work is dominated by cycles. A farmer who does not understand cycles — the ebb and…
Read nowThe Unicorn Bubble Has Popped
Over the past year, multiple Silicon Valley “unicorns” — companies privately valued in the billions, or even tens of billions — came to market via…
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