I Refuse to Celebrate Labor Day…Sort Of

Because the concept of a holiday celebrating the proletariat deeply offends me, I will anti-celebrate Labor Day by working on Monday, if only for a few hours.

It’s a matter of principle, you understand. We don’t have a holiday celebrating the entrepreneurs that take risk, work insanely long hours and actually create new jobs in America, so it’s hard for me to recognize a holiday dedicated to labor.

My ridiculous grandstanding aside, I am looking forward to grilling fajitas and cracking open a Shiner Bock or two.

Enjoy the day off with your families. The market will be there waiting for you on Tuesday.





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After the Correction… Are Stocks Cheap?

We finally got that 10% correction we’ve all been waiting for. Last week’s volatility finally put us into official correction territory for the first time since 2011. It also gave us one of the biggest intraday swoons in market […] Continue Reading…

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3 High-Yield MLPs to Buy Amid the Crude Oil Rout

A few weeks ago, on one particularly rough day for the MLP sector, I wondered to myself who had just blown up. With even blue-chip names down 4% or more on the day, the only explanation I could come […] Continue Reading…

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Thoughts On Prospect Capital’s Earnings Release

Prospect Capital (PSEC) released its results for the June quarter, and all in all, results weren’t bad. Net investment income was flat on a year-over-year basis, and importantly, book value was stable. In fact, it actually rose by a […] Continue Reading…

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August Letter to Investors

After the recent spate of market volatility, I thought it would be a good idea to do a quick review of our strategies and how the volatility affects us.

To start, I would say that the best way to defend […] Continue Reading…

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