If we accept as truth that the financial services industry is fraught with challenges for a typical investor, what actions should one take?  Is it wiser to search for an advisor, guide, or professional who will rise above the difficulties, or will you be better served by figuring … [Read more...]

Why do you invest?  At first blush, the question may seem silly.  You may think, as I did earlier in my career, that everyone invests for a one single reason.  The goal is to gain, or increase the return on one’s capital.  Or, to say it most plainly, people invest to make money.  … [Read more...]

An initial public offering (IPO) of a company’s stock is a very special time. Most investors perceive an IPO as a tremendous opportunity to get in “on the ground floor” and make a considerable amount of money. However, they may fail to realize that it is at that extraordinary … [Read more...]

Is the investment world making a mistake in its valuation of companies holding significant quantities of fossil fuels? Former Vice President Al Gore and his partner David Blood have been making the rounds to argue that case. Their position is summarized in an opinion piece … [Read more...]

“Eugene Fama will probably win the Nobel Prize someday for his work on the efficiency of financial markets.”  If I had a nickel for every time I’ve said that, my vast wealth would permit me to ignore his teachings.  This week, the folks in Sweden decided that the time had come to … [Read more...]