On Saturday, Berkshire Hathaway hosted its annual shareholder meeting, which had a different feel, taking place in an empty auditorium, and without the great Charlie Munger being by his side.  Despite that, the meeting had a lot of great information, during these immensely precarious times.  Overall Buffett, is always bullish long-term on America, and on...Read More

The Covid-19 health crisis continues to evolve globally, and slowly we are learning more about the virus.  There have been quite a few serology studies in various regions of the country, where they are examining how many people possess Covid-19 antibodies.  The results of the studies seem to indicate that the true number of infected...Read More

April 16th, 2020 is a big day for our country.  There is now a plan to begin reopening the country.  The decision will ultimately fall to the Governors of the states.  The pace of reopening will be determined by the situation impacting each state, as opposed to one process for the whole country.  Reopening in...Read More

This week, earnings began coming out in abundance, starting with many of the Big Banks.  I’ve gotten through J.P. Morgan, Wells Fargo, Bank of America, and Citigroup.  Research reports will be forthcoming.  I will tell you that I am incredibly encouraged.  All 4 banks were profitable, despite posting dramatic and expected reserves to account for...Read More

The vicious Covid-19 Pandemic is one of the most interesting and tragic times in history.  Right now, we are at an inflection point.  New cases, hospitalizations and deaths, are declining in Spain and Italy.  Deaths are likely peaking this week and early next week in our hardest hit areas of New York and New Jersey. ...Read More

While we are likely in the peak period for deaths in hard-hit New York and New Jersey from Covid-19, there are signs of hope emerging.  The NYC confirmed case daily growth rate has declined.  Governor Andrew Cuomo said that “the number of deaths has been dropping for the first time.” While too early to get...Read More

Well, that was one awful week that we just had, for much of the world, and certainly in financial markets.  I know I feel like I aged a decade this week.  The stock market has been increasingly worried about this Coronavirus over the last few weeks, leading to increased volatility and large selloffs.  This, combined...Read More

Benjamin Graham (the founder of value investing) originally came up with the concept of margin of safety.  The idea is to buy a security at a large enough discount to its true worth, that you can greatly reduce your chances of losses, while also maintaining a maximum profit potential.  To determine intrinsic value, one uses...Read More

We had a feeling Monday would be bad and boy, did it deliver with the stock market dropping by nearly 8%, now down 19% in just 13 trading sessions.  The Oil and Gas Exploration and Production ETF was down 37% today alone!  This market selloff is now bigger than what we saw in late 2018,...Read More

[vc_row][vc_column][vc_column_text]After Monday’s bloodbath, we have now had the 26th correction greater than 5% since the March 2009 low.  This table above shows them, and it is important to note that they all felt like very serious deals when they were occurring, but many of them seem very forgettable at this point. Monday’s 3% selloff marked...Read More