Buffett on Stock Prices
Its early in this potential correction, but let me remind you of Buffett’s interesting (1997) comments: “If you plan to eat...
The NY Post’s Financial Innumeracy
@TBPInvictus here: The New York Post ran a piece on Netflix (NFLX), written by Claire Atkinson, that was, to put it charitably,...
Fine, when you ignore history
This must be the “new normal” everyone’s talking about. Where a cyclical low in the unemployment rate,...
More Fun With Useless Correlations: American Pharoah
About a year ago, we discussed what happens “When Correlations Lie.” Delving into the classic logical fallacy...
Cullen Roche vs Andrew Smithers on Tobin’s Q
I love this debate between the idea of Tobin’s Q-Ratio as th be all for valuation analysis. It is embodied between Smithers &...
Death Tax, Paying for What You Use, Comment Foolishness
The Death Tax Deception There’s a tax, just not on dying. Bloomberg, April 28, 2015 There was some pushback on...
Probability, Mean Reversion and Forecasting
We’re down to the Final Four in this year’s iteration of March Madness, also known as the national collegiate basketball...
No, EVERYTHING Is NOT A Forecast
You’re Smart, But You Can’t Forecast The idea that every investment decision reflects a forecast about the future is flawed....
The Amazing Disconnect Between Hedge Fund Performance & AUM
Earlier this week, Greg Zuckerman of the Wall Street Journal pointed out one of the great mysteries of today’s investment...