Citigroup locked in profits by selling a small stake in Shanghai Pudong Development Bank.  This is significant due to the fact that Citigroup is continuing to improve their capital position by shedding non-core assets.  Due to the substantial losses Citigroup has incurred during the financial crisis, increasing profitability both increases capital through retained earnings, but also...Read More

The following article puts some historical perspective to the current issues in Europe.  The premise is that the best way for the weaker economies such as Greece, Portugal, and Ireland to be able to recover is through deflating their own currency.  The parallel is that countries that left the gold standard after World War 1...Read More

David Dreman’s book “Contrarian Investment Strategies” was one of the keys to formulating my investment methodology.  In the book and the updated versions that have followed, Dreman outlines extensive statistical analysis pointing to the follies of the Efficient Market Theory.  The statistics demonstrated that stocks with low p/b, p/cf, and p/e tend to outperform over...Read More

The following article is pretty indicative of the bullish argument for gold.  While I certainly have no faith in any paper currencies, I’d much rather invest in assets that are likely to grow and that have some level of pricing power.  One time Warren Buffett was asked by a student how they could protect themselves...Read More