Why You Should Never Sell Into Market Panic
October was a month for the history books. The S&P 500 fell 16 out of 22 trading days. That's happened only three times since 1928. Last month also...
Market Analysis
The Most Difficult Part of Investing
Show investors a graph of the last 200 years of stock market performance and ask them where the best buying opportunities were. Every one of them will point...
Why the Efficient Market Hypothesis Is Bunk
"I believe there is no other proposition in economics which has more solid empirical evidence supporting it than the efficient market hypothesis." - Michael Jensen, Harvard Business School...
Why the New Bearishness Is Good for Stocks
In my last column, I explained why stock returns over the next decade are likely to be far less than returns over the last decade: high valuations. At...
History’s Best Stock Market Indicator Is Flashing Red
History’s best stock market indicator is flashing red right now, indicating a high probability that future equity returns will be far lower than average. No investor can afford...
There’s Usually a Bull Market Somewhere
"I have no boundaries. I am totally flexible. I am open to everything and I pursue everything. I have no more compunction about speculating in Singapore dollars or...