In August of 1988, Kevin Rendino walked onto the Merrill Lynch trading floor in New York City’s World Financial Center for the very first time. Like many others starting their two-year analyst program, Kevin was in love with the stock…
Learn moreInvesting in small value stocks has been the source of several fortunes. Mark Twain is reputed to have once said that “History may not repeat itself but it does rhyme.” Things may not work exactly as they did in the…
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…
Learn moreOn 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 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…
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