Closed-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 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 moreThe other day a friend sent me a research report suggesting to buy a particular stock that had “excellent growth potential.” Best of all, the stock was trading at just 15 times earnings. So for my friend, this seemed like…
Learn moreIt was September 2019 and Jason Robins, CEO of DraftKings, was weighing his options: On one hand, he knew he wanted to take the sports-betting company, that he started alone in his Boston apartment eight years earlier, public… On the…
Learn moreWhen investors approach the market for the first time, they tend to think they’re going to find some magic button that unlocks the secrets of trading and investing success. They spend time studying chart patterns. They dive deep into roundtable…
Learn moreAsk anyone. Nobody does that fuddy-duddy crap anymore. It’s boring as hell and doesn’t work. Barron’s has written about the death of value investing… so has the Wall Street Journal. Even some of the value guys think that value doesn’t…
Learn moreThanks to my son in law I got a chance to talk with the trader, professor, and gambler, Edward Thorp, recently. The interview originally ran on Benzinga, but I thought readers of mine might be interested. Edward Thorp is one…
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