On October 21, 2021, Blackstone (BX) reported earnings. As always, I read over every one of their earnings reports and call transcripts with a great deal of interest. Why? Because this firm manages three-quarters of a trillion dollars and owns…
Learn moreIt was the best of times; it was the worst of times. Of course, I stole the line, but that’s the whole point of the Investment Advisory, isn’t it? To comb through what the world’s best investors are buying and…
Learn moreI moved to Florida ten years ago because I was tired of two things: Taxes and weather. I hear some folks talk about how much they love winter and I can only suppose that these folks do not have to…
Learn moreWe all love a good story, and Wall Street tells stories better than anyone. Tesla is the future of transportation! Shopify is redefining the world of E-commerce! The bond market will do great, no matter what happens with interest rates!…
Learn moreThere’s no ignoring it. Options trading, meme stocks, cryptocurrencies, SPACs, and new-paradigm tech plays are the capital markets’ new “Kool-Aid.” And just about every investor is drinking it. In doing so, however, those folks are missing out on a slice…
Learn moreLast week, I got a piece of mail from a local real estate broker that included an estimate of what he thought his firm could sell my house for right now. I knew the price had gone up because Florida…
Learn moreClosed-end funds, in my opinion, are one of the great untapped asset classes of the investing world. Not many people know about them, not many retail investors take advantage of them, but those who do are often quite successful. The…
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