In perusing the WSJ today, an article caught my eye. The venerable Charles Schwab has become the latest company to discontinue offering load mutual funds, where investors pay what generally is a high commission in addition to regular fund fees, as a result of the new Department of Labor law requiring brokers to act as...Read More

I hope that you had a fabulous and safe Labor Day holiday.  This morning Warren Buffett was on CNBC where he discussed the economy, interest rates, and the outlook for long-term investing in stocks.  He made excellent points in that the U.S. economy has really not accelerated beyond the 2-2.25% level on a year over...Read More

There is no doubt that oil’s rapid decline and the U.S. dollar’s ascension have been the two most important macroeconomic themes over the last 6 months.  It is very fashionable right now for market pundits to pronounce that oil is heading to $30 or even $20 a barrel, due to excess supply and weak demand. ...Read More

Volatility has started to accelerate in the stock market, which has predictably led to higher anxiety levels.  Many market pundits will point to specific catalysts such as Syria, Ukraine and Ebola, but the reality is that many of these risks have also existed while the market has been rising.  Much of what is going on...Read More

Below is a link to a fabulous interview with value investor Mario Gabelli on CNBC.  Gabelli touches on how he takes a long-term approach to stocks and is not overly worried about tapering because he is not buying an ETF or index fund, but instead is buying businesses at discounts to intrinsic value.  Gabelli is...Read More

Below was today’s CNBC interview where T&T Capital Management CEO Tim Travis discussed his view on financial stocks.  He specifically discusses AIG, Citigroup and Bank of America.  Enjoy!  http://video.cnbc.com/gallery/?video=3000128646&play=1 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

Below is the link to the CNBC interview this evening.  The hosts were in Singapore so there was a bit of a delay when I would answer, which looks a bit funny.  Thanks! http://video.cnbc.com/gallery/?video=3000121778 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

While many companies that were the leaders of the clean energy hysteria have dropped off, Warren Buffett and Berkshire Hathaway’s subsidiary MidAmerican Energy Holdings has been doubling down through the acquisition of wind farm projects. Low-cost natural gas that is extremely abundant has radically transformed the energy industry, but sources such as wind are likely...Read More

This was an absolutely fascinating interview with Bill Ackman and Sam Zell discussing GGP. Ackman’s investment in GGP has been nothing short of extraordinary and Sam Zell is one of the best in real estate. Their dialogue concerning whether Brookfield Asset Management (BAM) has control of GGP or not is really compelling. Ackman is pretty...Read More

This is an excellent video on Warren Buffett documenting some of his history and his business philosophy.  He has such a unique style and has created such an interesting structure in Berkshire Hathaway that it is virtually impossible to not become more knowledgeable through studying him. http://www.gurufocus.com/news/189581/warren-buffett-going-global–cnbc-documentary INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS...Read More