Ed Thorp is arguably the best investor who never gets mentioned on the lists of history’s best investors. The investment strategies he developed at Princeton Newport are widely copied today but were new and innovative at the time. A researcher at…
Ross Stores to Report on March 5
We now have the earnings calendar set for the next few weeks. Hormel Foods (HRL) will report this Thursday, February 21 along with Continental Building Products (CBPX). JM Smucker (SJM) is due to report on February 26. Ross Stores (ROST)…
Selling Is Hard
Interesting article from Bloomberg Businessweek noting that selling is the hard part of stock picking. The researchers looked at more than 4 million trades among 783 portfolios from 2000 to 2016 and found that stockpickers actually showed skill when buying.…
Walmart Contradicts the Government
Last week, the government released a terrible retail sales report for December. I was suspicious. The report was delayed by the shutdown, and if the awful numbers were correct, why haven’t we seen confirmation in other areas. This morning, Walmart…
Join Us for a Conference Call
Just us tomorrow at 4 pm ET for an after-market conference call. I’m excited to announce that Morgan Housel will be joining for a discussion of all things stock market. Morgan is one of my favorite financial writers and I…
Cognizant Settles with the Government
Cognizant Technology Solutions (CTSH) will pay $25 million to settle bribery charges. The executives named are long gone and Cognizant isn’t being charged with any crimes. Gordon Coburn, the company’s former president, and Steven Schwartz, its former chief legal officer,…
Looking Back on My Market Poll
About an hour before the S&P 500 got it its closing low on Christmas Eve, I ran a poll asking people “How much further does the S&P 500 have to fall before hitting bottom?” How much further does the S&P…
Morning News: February 19, 2019
The Hot New Market for Luxury Property Is Vietnam The Forecast for Emerging Currencies Is Grim. With One Exception Global Car Markets Are in Reverse. Trump Is Making It Worse How the Fed Can Make a Better Dot Plot After…
H&R Block Alternatives
It can sometimes be challenging to get a tax filing software that suits your needs and budget. You want a tax software that offers not only valuable tools, but also has different plans to suit unique needs, has reliable customer…
Morning News: February 18, 2019
Qatar Aims to Build $20 Billion Sports Sector Ahead of World Cup Hong Kong’s Growth Halved in Fourth Quarter as Trade War Hit Carmakers to Face More Pain as Sales in China Keep Sliding Bundesbank Expects German Growth to Continue…