Investor CAFÉ Newsletters
#1 Rule of Investing from the Wizard of Wall Street
“The really great fortunes are made by concentration, not diversification.” — Gerald Loeb, “Maxims of Wall Street,” p. 157 Who is quoted the most in “The Maxims of Wall Street”? Among living legends, the Oracle of Omaha has the gift of wisdom. Warren Buffett is quoted 34 times in the new 7th edition, and I keep finding new ones […]
Why We Held an Emergency Meeting This Week
“Never underestimate the size of a panic or the power of a politician.” — Sir Harry Schultz “Rebellion to tyrants is obedience to God.” — Ben Franklin’s motto for the United States of America. This week was supposed to be the week we all met in Las Vegas for FreedomFest 2020. Over 1,300 people had already signed up, […]
Danger Ahead: Democrats’ Massive Attack on Your Wealth!
“The wealthiest private owners must return part of what they own to the community every year [via] a progressive tax on wealth.” — Thomas Piketty, Capital and Ideology (2020) Lost in the pandemic crisis is the hidden agenda of the New Socialists: The growing push to adopt a sharply higher progressive tax on your income and a new tax on wealth. […]
The Midas Touch: Will Gold Continue to Shine?
Special Announcement: It pains me to announce that Gov. Steve Sisolak of Nevada has cancelled FreedomFest 2020 in Vegas. We are outraged. See below for more information. “The impact of the rate of inflation on the price of gold is like tracking the footprints of an animal.” — Julian M. Snyder (“Maxims of Wall Street,” p. 151) Gold gradually has […]
Is the Almighty Dollar About to Crash?
“At its creation, the only destiny a currency has is devaluation.” — Franz Pick (“Maxims of Wall Street,” p. 149) The world is awash in debt amounting to $250 trillion. This figure has also risen rapidly during the latest unpleasantness. Since most of that debt is denominated in dollars that are held outside the United States, […]
These Two Charts Cannot Be Ignored by Investors
“Being the richest man on a sinking ship is a bitter victory.” — John A. Pugsley “What is the greatest danger to your investments? Inflation.” — Paul Cabot As the economy has opened up, the stock market has skyrocketed and now the Nasdaq is in positive territory for the year. In my newsletter, Forecasts & […]
Avoid This #1 Mistake and You Will Be Rich
“To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other.” — Harry Markowitz Yesterday I had the supreme experience of having lunch in La Jolla, California, with the father of modern portfolio theory, Harry Markowitz. He is considered to be a legend on Wall Street. The […]
Arnie vs. Jack: Who Was the Better Investor?
“I’d rather win one big tournament in my entire life than make the cut every week.” — Arnold Palmer (p. 160, “Maxims of Wall Street”) I’ve played golf most of my life, and have always enjoyed the sport once I stopped keeping score! I especially remember the invitation I received from a member (and subscriber) […]
I am 99% Sure That This Investment Will Make You Money in 2020: I Won A Contest to Prove It!
“The dance down Wall Street isn’t random, it’s a dance.” — Ken Fisher (p. 57, “The Maxims of Wall Street”) Every other year at Chapman University, I teach a popular class called Financial Economics, where I identify the great financial economists who have made a contribution to the world of investing. We study the works […]
Be a Contrarian for a Day – and Win Big!
“Buy when everyone is selling and hold until everyone is buying. This is more than a catchy slogan. It is the very essential of successful investing.” — J. Paul Getty (“Maxims of Wall Street,” p. 46) Investors are always told to be a contrarian, to bet against the crowd. “Don’t buy what’s hot — buy […]
