October 2, 2020 - Quote of the Day
“The Fed only knows two speeds; too fast, and too slow,” said Nobel Prize winning economist Milton Friedman to me over lunch one day.
Entries by MHFTR
September 18, 2020 - Quote of the Day
“It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money,” said John Lanchester of the New Yorker magazine.
September 16, 2020 - Quote of the Day
"If you advertise an interest in buying collies, a lot of people will call hoping to sell you their cocker spaniels," said Oracle of Omaha, Warren Buffett.
Why You Missed the Technology Boom and What to Do About It Now
I often review the portfolios of new subscribers looking for fundamental flaws in their investment approach and it is not unusual for me to find some real disasters. The Armageddon scenario was quite popular a decade ago. You know, the philosophy that said that the Dow ($INDU) was plunging to 3,000, the US government would
How to Buy a Solar System
It’s just a question of how long it takes for Moore’s law-type efficiencies to reach exponential growth in the solar industry. Accounting for 4% of the country’s electrical power supply today, we are only five doublings away from 100% when energy essentially becomes free. California, alone, has over one million homes with solar installations, changing
Short Selling School 101
$1 trillion is about to hit the stock market if another government stimulus package passes in July. So far, most stimulus has ended up in the stock market, one way or the other. Perhaps that is why we saw a golden cross in the S&P 500 weeks ago, where the 50-day moving average rose sharply
July 15, 2020 - Quote of the Day
"There's a 70% chance you could lose it all," said Jeff Bezos to his parents when asking for a $100,000 investment to start Amazon. "I want you to know the risks because I want to be able to come home for Thanksgiving."
Testing Tesla's Self-Driving Technology
I knew I was on the right track when the salesman told me that the customer who just preceded me for a Tesla Model X 90D SUV was the Golden Bay Warriors star basketball player, Steph Currie. Well, if it’s good enough for Steph, then it’s good enough for me. Last week, I received a
June 11, 2020 - Quote of the Day
"There is only one boss: the customer. And he can fire everybody in the company, from the chairman on down, simply by spending his money somewhere else," said Sam Walton, the founder of Walmart (WMT).
Ten More Ugly Messages from the Bond Market
The global bond markets have been screaming an ugly message at us loud and clear, and I’m afraid that it’s not a positive one. Amazingly, US Treasury bonds have soared early this year, taking the (TLT) up a stunning 40 points. In the meantime, stocks have suffered the sharpest crash in history, plunging ten times