Archive

Bubbles, Bull and Bears

On May 15, 2014, the Dow Jones Industrial Average dropped 1.6%.  The decline was attributed to a bearish comment made by a well respected investment professional, David Tepper.  “I’m not saying go short, I’m just saying don’t be too fricking long right now,” he said. Another successful investor, Jeremy Grantham, wrote recently in his investment […]

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Climate Change: The Useful Debate

It seems that a lot of the debate over climate change/global warming is in part centered around definitions and in part about grants and agendas. The useful debate should be, is it better to try to slow the pace of climate change or prepare to live with the “inevitable”? In an effort to clear the […]

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Governments and Markets

Investors should consider that there seems to be an increase in the belief that the markets are getting it wrong and official oversight is essential to the national well being.  This can lead to problems for those who rely on the efficiency of markets in making investment decisions. Thomas Sowell, in his book “The Vision […]

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Management Compensation

There has been an increase in media coverage of, what many view as excessive, compensation packages for CEOs and senior management, highlighted by the recent media attention given to Coca Cola’s proposed compensation plan, some investor objections and Berkshire Hathaway’s somewhat mystifying responses.  Clearly, this is a matter for investor consideration, but is not always […]

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Alarmists, Deniers and Investors

The Wall Street Journal recently carried James Huffman’s review of Patrick Allitt’s new book, “A Climate of Crisis”.  Mr. Huffman’s opening paragraph is a concise summary of the dilemma facing investors. “Climate change has been the dominant environmental concern of the 21st century.  Public discussion of the topic is less an informed exchange of ideas […]

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