Value Investing

There are literally thousands of companies that have been built on how people behave. Most of the time, these companies exist to serve people’s demands for something convenient, necessary or entertaining. But some companies exist because everyone is prone to mistakes. These are the kinds of investments… Read More

At a weekend get together, I heard from many family members and friends about what they consider to... Read More

At a weekend get together, I heard from many family members and friends about what they consider to be must-reads to stay up to speed on a daily basis. All seemed to agree that weekly news magazines... Read More

The oil industry is in the midst of dealing with one of the largest spills in history. The consequences could be dire for firms focused on offshore drilling, with a current six-month moratorium on drilling in the United States and a slew of new regulations and safety procedures being prepared… Read More

With the market oscillating between down and flat for the year, an old friend of mine, Tom, asked the other day why I was so chipper about the market. He had just received his 401(k) statement and was very disappointed. “I’m up,” I told him. “I’m way… Read More

The word “bankruptcy” is anathema to most investors. Holding shares of a company in this position means investors are likely to be wiped out. Sometimes, however, a bankruptcy can be exactly the right thing for both the company and investors, if handled properly. Read More

For many years, investors had to sit and wait for profits as cable and satellite companies re-invested every spare penny into building their business. That wait is now over, most notably for investors in DirecTV (NYSE: DTV). The satellite TV provider is now throwing off large amounts of… Read More