Friday was an interesting day in which smaller stocks outperformed mega cap tech – the opposite of what’s happened so far this year. The Russell 2000 (IWM) was +2.92% while the Nasdaq 100 (QQQ) was up only 0.29%. IWM broke…
Many people will walk in and out of your life but only true friends will leave footprints on your heart – Eleanor Roosevelt Everybody knows that Warren Buffett is the greatest investor of all time. But few know the story…
Written on the occasion of Warren Buffett’s 93rd birthday (8/30/23): The game taught me the game – Jesse Livermore There are four perennial approaches to the stock game: value, macro, momentum and technical. Value investing was founded by Ben Graham…
Dear Warren, Before I get into the reason for my letter, I want to convey my undivided respect for your investment acumen and career. Nobody can reasonably doubt that you are the greatest investor of all time. Some may say…
In general, there are two types of successful investors – and they don’t understand each other. Corresponding to each winning type, there is a losing type. One winning type buys what Peter Lynch called “stalwarts” and is exemplified by Warren…
It’s better to own a wonderful company at a fair price than a fair company at a wonderful price – Warren Buffett Most of us have an inclination to root for the underdog. We want to believe that David can…
To my mind, one of the most interesting developments in financial markets in the last few years is Warren Buffett’s accumulation of a large stake in Apple (AAPL). Long a technophobe in investing, Buffett ultimately built up a nearly 1…
Warren Buffett is widely – and correctly – considered to be the greatest investor of all time. As a consequence, it’s almost heresy to say anything bad about him or Berkshire Hathaway (BRK.A/BRK.B). Nevertheless – and I hate to say…
My best guess is that nothing much will change with QQQ, IWM and ARKK through year end. I can’t rule out QQQ breaking out to the upside but IWM likely won’t resolve its range until next year and ARKK will…
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