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Markets

Bringing Home the Bucks Won’t Solve Many Problems

Apple has a lot of cash. At last count, the company’s horde had grown to a record $237 billion. But, as we all know, almost half of that supply is

Investing

Buffett’s Greatest Strength is Discipline, Not Genius

Cliff Asness and Warren Buffett couldn’t be more different. Buffett buys companies. Asness trades stocks. Buffett is a “value” investor. Asness runs a “quant” shop, AQR Capital Management. Buffett is

Investing

Searching for Value in the REIT Rubble

Leave it to the stock market to do the exact opposite of what you expect it to do. Following Donald Trump’s surprise win, stocks have spent the past three weeks

Investing

The Next Best Thing to Mr. George’s Magic Ticket

There’s a man in France who owns what the Financial Times is calling a “magic ticket.” In their words: “It lets him turn back the clock, to invest with perfect

Investing

Closed-End Bond Funds are Ripe for the Picking

You really can’t beat getting a dollar for 90 cents. Unless, of course, you manage to find one for 85 cents. While deals like that really shouldn’t exist in the

Foreign Markets

China’s Economic Imperialism Could Spell Trouble

In 2007, a Chinese company bought Mount Toromocho in Peru. That’s right. A mountain, in another country. It’s more than half the height of Mount Everest, but aesthetic beauty wasn’t

Gold

Why Gold Isn’t Rallying After Trump’s Win

Even though the markets haven’t behaved logically of late, it would have seemed a slam dunk for gold to rise if Donald Trump won. After all, we faced uncertainty around

Investing

Role Reversals Are the New Trend

Back on November 1, one week before the presidential election – what now feels like an eternity ago, in political-regime-change time – I wrote to Cycle 9 Alert subscribers about

Foreign Markets

How Unpredictable Will the Crack Heads be About Italy?

Italy has a major referendum on December 4, the results of which could mark the start of an Italian exit… yet U.S. and most global stocks keep going up. They

Interest Rates

No Excuses!

As you know, I’ve been talking about a turn higher in long-term interest rates for going on two months now, while Harry has been talking about the “Fixed Income Trade