How to Get Started Day Trading: Don’t
Revisiting the Liquidity Liability There are now $2.5 trillion worth of companies whose shares are trading so furiously that the entire share base of the firm is changing hands ...
High Risk Stocks & the Role of Active Managers
The Riskiest Stocks Right Now? The chart below shows that money-losing firms recently generated a 120% return When people double their money buying risky stocks, it is just another ...
Small Market Cap Stocks Offer Big Value
The Case for Small Cap Value Stocks: The chart below shows that Small Cap Value is as cheap vs. Large Cap Value as any time in history We have ...
Speculative Trading: How to Avoid Big Losses
The Importance of Prudence in a Time of Rampant Speculative Trading We believe the $4.5 trillion market cap of stocks trading over 20x sales likely understates the market cap ...
How Much Debt Does the US Have – US Debt by Year
Where are the Debt Collectors & US Inflation Rates The chart below shows the total US debt outstanding by year We are not macroeconomists, but we believe $29 trillion ...
Stock Yields, Bond Yields & Safety Investing
Advocating for Steady Growth and High Dividend Investments: The navy blue line below shows the yield on investment-grade bonds with ~5 year average maturities The light blue line shows ...
Initial Public Offerings
“Investors even remotely tempted to buy new issues must ask themselves how they could possibly fare well when a savvy issuer and greedy underwriter are on the opposite side ...
Bear Traders & The Basics of Breakeven
Bear Trading: The quick road to severe setbacks The chart below shows the five largest market declines since the 1960s Above each bar is the date the bull market ...
Stock Market Bubble
Record Returns & Record Prices: The chart shows the rolling annual returns of the S&P 500 since 1963 We put the Price to Sales ratio above the years that ...
Digging for Deep Value: Stocks Below 10x Earnings
The chart shows the number of firms trading below 10x earnings is at all-time lows We chose 10x earnings because it is a round number and really simple Many ...
Large vs Small Cap Stocks: Could the Past be Precedent
The Case for High-Quality Small Caps: The chart shows that small cap value stocks have only been this cheap vs. large cap stocks at the peak of the dot.com ...
The Steep Cost of Stock Compensation
Are Stocks With the Highest Growth Healthy? The chart shows the market cap of firms where stock compensation represents over a third of SALES We have written three pieces ...
