It was only a couple of weeks ago that we looked at Warren Buffett’s 2019 letter to shareholders – a lot has happened between then and now.
In that piece, point two (“Acquisition discipline is key”) remains particularly relevant. Certain high profile B…
I’m writing this on Monday 9 March. Earlier today I saw the price of oil fall 20% and the FTSE 100 open below 6,000 for the first time since February 2016. Today’s fall has left the FTSE 100 down by 20% so far this year. Already, the coronavirus outbre…
Estimated timings today – I’ll be doing 2 stints of writing today, as I hardly got any sleep last night. Therefore the main report will be ready by noon, then I’ll add some more bits late afternoon. Edit at 16:37 – today’s report is now finished. (I w…
“Verification Tests of the Smart Money Indicator” reports performance results for a specific version of the Smart Money Indicator (SMI) stocks-bonds timing strategy, which exploits differences in futures and options positions in the S&P…
(I wrote this first bit late last night) Good morning, it’s Paul here, with the placeholder article for Tue morning. This is partly to allow subscribers an early opportunity to post your thoughts about the 7am RNS. Also, of course, in this time of mar…
(I wrote this first bit late last night) Good morning, it’s Paul here, with the placeholder article for Tue morning. This is partly to allow subscribers an early opportunity to post your thoughts about the 7am RNS. Also, of course, in this time of mar…
Long positions: $GOOGL, $BRK.BNot so FAANG-tasticAs markets continue to implode around us, it is easy to forget the propellants which powered the bull market in recent years.
One of these major propellants has been the famous collection of FAANG stocks…
The market has been all over the place this week, with the Dow screaming around like a runaway mine train.
Before we look at three stocks I think should be avoided – let’s look at the three stocks that I thought had been unfairly sold off and could ha…
Morning all.
I feel privileged to be reporting to you on this dramatic morning.
Some key developments:
133 people in Italy tragically lost their lives to the Coronavirus yesterday. Lombardy and other parts of Northern Italy are now under a travel ban.I…
Morning all.
I feel privileged to be reporting to you on this dramatic morning.
Some key developments:
133 people in Italy tragically lost their lives to the Coronavirus yesterday. Lombardy and other parts of Northern Italy are now under a travel ban.I…
Below is a weekly summary of our research findings for 3/2/20 through 3/6/20. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive t…
Good morning, it’s Paul here, with Friday’s SCVR. As usual, this is initially a placeholder article, to allow subscribers to add comments from 7am, as I gradually write the main report throughout the morning. I have to stick to the official 1pm finish …
Is the concept of emergent social behaviors useful in investing and trading? In his January 2020 address to the American Finance Association entitled “Social Transmission Bias in Economics and Finance”, David Hirshleifer discusses social ec…
Good morning, it’s Paul here, with Friday’s SCVR. As usual, this is initially a placeholder article, to allow subscribers to add comments from 7am, as I gradually write the main report throughout the morning. I have to stick to the official 1pm finish …
Good morning, it’s Paul here, with Friday’s SCVR.As usual, this is initially a placeholder article, to allow subscribers to add comments from 7am, as I gradually write the main report throughout the morning. I have to stick to the official 1pm finish t…
Good morning, it’s Paul here with the SCVR for Thursday. (As usual, this is initially a placeholder post, for readers to add your comments from 7am, as I write the article section by section throughout the morning/afternoon. We aim to get most of the r…
Since reaching a high of 2,230p on January 16th, the Rockrose Energy (LON:RRE) share price has tumbled by 35%. Today its market cap stands at £191m. Its recent update presentation shows a cash hoard of some $371m ($55m of which is restricted). Converte…
Good morning, it’s Paul here with the SCVR for Thursday. (As usual, this is initially a placeholder post, for readers to add your comments from 7am, as I write the article section by section throughout the morning/afternoon. We aim to get most of the r…
Does the value premium for U.S. stocks, as measured by book-to-market ratio, persist after its initial discovery/publication in 1992? In their January 2020 paper entitled “The Value Premium”, Eugene Fama and Kenneth French assess whether th…
Good morning, it’s Paul here with the SCVR for Thursday.As usual, this is initially a placeholder post, for readers to add your comments from 7am, as I write the article section by section throughout the morning/afternoon. We aim to get most of the rep…
Good morning, it’s Paul here with the SCVR for Weds. This is a placeholder post, to enable readers to add your comments from 7am. I’ll be writing the main report throughout the morning, adding each section as it’s written. Official finish time is 1pm e…
Good morning, it’s Paul here with the SCVR for Weds. This is a placeholder post, to enable readers to add your comments from 7am. I’ll be writing the main report throughout the morning, adding each section as it’s written. Official finish time is 1pm e…
Good morning, it’s Paul here with the SCVR for Weds.This is a placeholder post, to enable readers to add your comments from 7am. I’ll be writing the main report throughout the morning, adding each section as it’s written. Official finish time is 1pm ea…
Good morning, it’s Paul here, with Tuesday’s SCVR. Estimated timings – mostly done by 1pm official finish time, but I’ve got nothing else planned for the afternoon, so will probably keep adding sections until about 7pm.Edit at 19:”7 – sorry, it took mu…
Will the coronavirus outbreak mark the start of a wider economic downturn and the end of the long-running bull market? I don’t know.
Personally, I won’t be selling anything. I bought shares for my own portfolio last week and feel confident that the pr…
Good morning, it’s Paul here, with Tuesday’s SCVR. Estimated timings – mostly done by 1pm official finish time, but I’ve got nothing else planned for the afternoon, so will probably keep adding sections until about 5pm. I’m going to start with my view…
In prevailing market conditions, where participants are fixated on downside risk, looking for quality, growing companies with safe balance sheets and margins of safety is more important than ever. Sylvania Platinum (LON:SLP) might be one of those compa…
Good morning, it’s Paul here, with Tuesday’s SCVR.Estimated timings – mostly done by 1pm official finish time, but I’ve got nothing else planned for the afternoon, so will probably keep adding sections until about 4pm. I’m going to start with my views…
Are firms that engage the public via Twitter more expanding (via exposure) or shrinking (via adverse social media frenzy) their opportunity sets? In their January 2020 paper entitled “The Social Media Risk Premium”, Amin Hosseini, Gergana J…
While markets fret over Coronavirus and the impending collapse of the global economy, focus on individual stocks has been taking a backseat.
But Tesla remains as fascinating as ever.
While I don’t currently have a short position in the stock, and hav…
