Archive

Water, Water Everywhere…But Not A Drop To Drink

This excerpt from S. T. Coleridge’s “Rhyme of the Ancient Mariner”, while generally an apt description of coastal areas like California, doesn’t have to be true. California’s water shortages have made the national news with increasingly severe restrictions on water usage.  The State’s problems stem from increasing population, natural fluctuations in precipitation and other factors. […]

Read More

Big $ and the Auto Industry

Investors would be well served by carefully considering dollar announcements relating to auto industry results and activities in the context of the industry’s size. For example, GM and Lyft recently announced an alliance and a $500 million investment by GM.  Lyft management has stated that the partnership reflects a common view on a number of […]

Read More

Do You Think You’re Middle Class?

The political class seems to think that a household income of $250,000 per year is middle class.  What do you think? Even a rudimentary familiarity with the realities of incomes in the U.S. would recognize that household earnings in that area are near the top of the range.  The most recent Census Bureau data showed […]

Read More

No Fear

I thought one of my favorite quotes would be very timely today by Dr. Martin Luther King, Jr., “Darkness cannot drive out darkness; only light can do that.  Hate cannot drive out hate; only love can do that.” Whether discussing political issues, personal challenges, or economic and market forces this quote provides great perspective. Fear […]

Read More

Stock Market Circuit Breaker

As a Chinese native and resident for most of my life, I have been watching the equity markets there with great interest these past several days.  I am hopeful that my friends and family there are conducting their affairs with a clear mind. The Chinese stock market circuit breaker rule was implemented on January 4th […]

Read More

Accounting Matters

Anyone that has actually waded through all of the footnotes that accompany public company financial statements should be aware that the accounting treatment for certain portions are complex and not as uniform as one might have thought.  In assessing an investment opportunity it is important to understand the ramifications of the applicable accounting standards and […]

Read More