Turkcell: If I could be a Turkish general for a day…

Not to play on stereotypes, but if Turkcell ($TKC) were a government and not a private company, a cabal of stone-faced Turkish generals would have surrounded its headquarters with tanks months ago and forcibly taken over its board of […] Continue Reading…

If I May Slander My Profession…

One of my favorite scenes in Martin Scorsese’s The Departed is the exchange where Jack Nicholson asks Leonardo DiCaprio what a nice kid like him was doing in the South Boston projects. “And if I can slander my own […] Continue Reading…

Philip Morris International: A Dividend Stock Best Avoided

Nothing is more detrimental to the long-term viability of an investment theme than its own success.  In the often circular logic that defines the market, profitable trades can only remain so as long as they are unpopular.  Once they […] Continue Reading…

GURU: Investing With the Best Minds in the Business

Last week, I took a look at how the “Investing All-Stars” were positioning themselves for the remainder of 2012.Then—as now—the Eurozone crisis hung over the capital markets like the proverbial Sword of Damocles.  Given the difficulty of investing under […] Continue Reading…

Spain and Italy: Different Problems, Same Crisis

The Greek election came and went without much in the way of market reaction.  It would appear that “Mr. Market” is tired of hearing about Greece and has now moved across the Mediterranean to Spain.

But for all the wailing […] Continue Reading…