Living in the San Joaquin Valley – in the heart of California – has it’s perks: centralized locale, mild weather, good fresh fruit. But one thing the valley isn’t known for is clean air. Smog is a way of life here. This is why many people take short drives to the coast to get some […]
While the broad economy has continued humming along for the last year or so, so have most people’s ‘inflated expectations’ about the direction of interest rates. Depending on how you look at the numbers, we might be in the best of times or we might be in the worst of them.
Occasionally, it’s important to review our investment philosophy. We do this in our newsletter as well as posts to this blog, and we do it for both our current clients and those who are looking for a different approach to investment management.
In 1989, the second installment of the Back to the Future trilogy came out. I still remember dreaming of owning Marty McFly’s hoverboard. Biff Tannen’s hoverboard was unsafe, obviously. And then, there was the garbage-powered DeLorean: Savings Equals Investment In my last post, we discussed the importance of saving in determining where we are in […]
The U.S. stock market is doing its best to imitate a rocket powered by the Energizer Bunny. Some might complain that, in light of this never-ending bull market, our caution is getting in the way of larger gains. That concern is worthy of a response, which I hope to briefly provide now.
Regardless of where you land on this most-important issue, the benefits and drawbacks of margarine is not the focus of this blog post. Rather, I wish to discuss the benefits and drawbacks of margin, with an emphasis on the much more dangerous drawbacks. As my mama always said (or should have, anyway) “use butter, not margin”.
It is true that there exists a strong correlation between housing and wages: when wages go up, so do home prices; when wages stagnate, so do home prices. Or, at least, they should. Unless you are living in a bubble…
Flunking P.E. is pretty difficult to do. Most who do, are those who don’t show up in the first place – or, as in the case of many investors today, those who show up at the wrong time.
The other day I read a fake news report about real news, and it convinced me that fake news isn’t the problem; real news is.
For every 10 homes sales done in Visalia, one is a “flipper”. For those who are unfamiliar with “flipping”, I am not using it in a pejorative sense (although, as we will see, that does not mean it isn’t pejorative).