Dear Investors, Over the past few months, the dominate cause of volatility in the stock market has been the fear of a trade war. You might wonder just how exposed our portfolio is to trade and tariff issues? The short […]
Author: Ben Strubel
We had the largest housing bubble in the history of our country with mortgages rates at about 7%
A lot of times our perception of something depends on our point of view. We’ve all probably seen examples of trick photography that makes a scene or object appear one way when viewed from the one angle but totally different […]
Trade War Or Mr. Market?
From the end of the trading day on November 9, 2016, after Donald Trump was elected President, to the beginning of February 2018, the stock market generally went up uninterrupted. We had 16 months of uneventful happenings in the stock […]
A Rational Look At US Trade Policy
Dear Investors, The big news lately has been Trump’s announcement of a 25% tariff on imported steel and 10% tariff on aluminum. The market took the announcement as a shock (dropping a bit over 1% for the day) although the […]
The Market Is Mad That Its Dream Came True
The current stock market correction offers a great example of two things: (1) how ridiculous investor–or market–psychology is; and (2) how dumb Wall St. products can be. I’ll also tell you why I don’t think the current market correction is […]
![By User:klip game (Own work) [Public domain], via Wikimedia Commons](https://www.valuewalk.com/wp-content/uploads/2016/08/Small-Cap-Industrials-1-270x200.jpg)
FANG Stocks And The Market “Crash”
Dear Investors, I’m sure everyone is wondering about the mini “crash” (crash-ette? perhaps?) we saw Friday and Monday. I think it’s important to keep a few things in mind. Given that an increasing amount of trading is done by computers […]
The Republican Tax Plan And The Stock Market
I’ve seen a fair amount of commentary that the stock market is overreacting to the tax bill and that stocks have gone up to far too fast. So, in this month’s newsletter, we’ll talk about the new Republican tax plan. […]
Why We Became A Believer In Amazon Stock
We live in a world characterized by slow economic growth and the stock market is trading at moderately above average multiples. You can’t just rely on buying stock in a good company and depending on 3% economic growth to drive […]
Tobacco Stocks And Health Care Stocks
In this newsletter we are going to talk about two related yet unrelated topics: health care and smoking. Also read: Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More Baupost Letter Points To Concern Over Risk Parity, Systematic Strategies […]
Is There Another Tech Bubble?
I’ve recently been hearing a lot of questions about whether or not we have another tech bubble. It’s understandable for investors to be worried. After all, we have had two stock market bubbles in the past two decades and people […]
