August 19, 2024 - Quote of the Day
"The level of fact available from news services is way less than it once was," said Roger McNamee, co-founder of venture capital fund Elevation Partners.
Entries by MHFTR
August 9, 2024 - Quote of the Day
"If you work forever, you can live forever," said my friend and mentor, Blackstone's Byron Wien.
Could You Qualify to Become a U.S. Citizen?
The recent Fourth of July celebration brings back memories of my late wife’s campaign to become an American citizen 30 years ago. Kyoko originally came from Japan. Part of the process required a verbal quiz about U.S. history and government. Our family spent a year energetically prepping her, with nightly grillings over dinner about the
July 17, 2024- Quote of the Day
"If there were no way to short stocks, the probability of stock market bubbles would be much greater," said hedge fund manager Bill Ackman of Pershing Square.
July 12, 2024 - Quote of the Day
“No matter who wins the election, we still have a lot of wood to chop. There is no way we continue to run huge deficits without a severe market consequence,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.
May 23, 2024 - Quote of the Day
"I had no idea Amazon would produce this kind of performance. I blew it," confessed Oracle of Omaha Warren Buffett.
April 30, 2024 - Quote of the Day
"Forget what you know about buying fair businesses at wonderful prices. Instead, buy wonderful business at fair prices," said Oracle of Omaha, Warren Buffett.
How to Reliably Pick a Winning Options Trade
You’ve spent vast amounts of time, money, and effort to become options trading experts. You know the difference between bids and offers, puts and calls, exercise prices, and expiration days. And you still can’t make any money. Now what? Where do you apply your newfound expertise? How do you maximize your reward versus your risk?
The Death of the Mall
We’ve all heard this story before. Malls are dying. Commerce is moving online at a breakneck pace. Investing in retail is a death wish. No less a figure than Bill Gates, Sr. told me before he died that in a decade, malls would only be inhabited by climbing walls and paintball courses, and that was
Welcome to the Deflationary Century
Ignore the lessons of history, and the cost to your portfolio will be great. Especially if you are a bond trader! Meet deflation, upfront and ugly. If you look at a chart for data from the United States consumer prices are rising at an annual 3.2% rate. The long-term average is 3.0%. This is above