There's a not very funny joke among statisticians that with enough anecdotes you can create a data set. Alternatively, if you're a finance researcher you can take an anecdote, put together a data set, and see if the anecdote's conclusion matches. Dr. Herbert Wartheim Earlier this year there was a profile piece in Forbes called… Continue reading Patent Alpha: Anecdote & Data
Take a look at the rise and fall of Dean Foods and how an investor or trader can use various tools to stay on the right side of the trends.
I'm sure I'm not the only one that has watched CVS's stock price get chopped in half after peaking in 2014 at $112 a share. On an annualized basis that loss is 15.3 percent. All while the US market kept powering higher. Unfortunately for CVS, it has been at the nexus of two trends that… Continue reading CVS: Turnaround or Value Trap?
Why you shouldn't skim over the risk factors section in a 10K, what the changes can portend, and an example of how it can play out.
You're not as smart as you think you are. Why active investing has a role but it's a lot smaller than you think.
The easiest and safest way to short volatility is to pair it with an asset that benefits from a flight to safety and then trade around the ZIV ETF core position.
The Great Financial Crisis turned out to be the greatest buying opportunity in a generation. While most of the opportunities are long gone, due to regulations that boosted Tier 1 capital ratios there are still two attractive investment opportunities out there.
Pyxus International, fka Alliance One International, coordinates the purchase, processing, and storage of leaf tobacco from farmers all over the world and then bundles it all together and sells it wholesale to the major tobacco product manufacturers. They're headquartered in Morrisville, North Carolina and employ about 3,300 people. They recently changed their name to reflect… Continue reading Pyxus International’s Second Lien Debt
I usually keep a file with random ideas I come across as I’m reading. I use these ideas to try to create two mental frameworks: How the world works; and How the world could work. Simply understanding how the world works is hard enough. Trying to understand how the world could work, and successfully capitalizing… Continue reading Investing with Global Warming
Let me tell you a story about how one company reacted to some accidental tariffs. But first, some background. Tariffs: A Primer A tariff is a tax that is placed on goods that are imported into a country. There are 3 generally accepted reasons to use tariffs. Your country has a nascent industry that you're… Continue reading How to Avoid Tariffs