Investing Lessons: Avoiding the Peter Lynch Bias

The single most important lesson I’ve learned about being a successful investor is the need to maintain emotional detachment.  Any feelings you may have towards a stock are unrequited.  If you love a stock, it will not love you […] Continue Reading…

Whiskey Stocks to Burn the Throat: Beam, Brown-Foreman and Diageo

In the whiskey swilling days of my youth, I always preferred Jack Daniel’s Tennessee Whiskey to Jim Beam Kentucky Bourbon. I was far from a whiskey connoisseur, but it just seemed to go down smoother.

Regrettably, I’m not as young […] Continue Reading…

Happy Guy Fawkes Day

Remember, remember the Fifth of November,
The Gunpowder Treason and Plot,
I know of no reason
Why the Gunpowder Treason
Should ever be forgot.
Guy Fawkes, Guy Fawkes, ’twas his intent
To blow up the King and Parli’ment.
Three-score barrels of powder below
To prove old England’s […] Continue Reading…

After Sandy: Now What?

In the first day of trading after Hurricane Sandy pounded New York, the S&P 500 had its best trading day in seven weeks.

I’m not one to assign a lot of significance to a single day’s trading, but I did […] Continue Reading…

Microsoft, Apple and Big Tech for the Remainder of 2012

Last week, I suggested that Microsoft ($MSFT) would be the ultimate winner in the long war for dominance of the smartphone and tablet markets.

Though Apple ($AAPL) dominates today, it has no real defensible “moats” that would prevent an aggressive […] Continue Reading…