Update on Prospect Capital

I entered InvestorPlace’s Best Stocks for 2015 contest with business development company Prospect Capital (PSEC). With 2015 getting off to a rocky start, I’m feeling good about my focus on income and deep value. Prospect Capital sports a 12% […] Continue Reading…

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Everything’s Fine. Just Keep Investing!

Apparently, the price you pay doesn’t matter because stocks always rise over the long term.

Or at least that was the message Barron’s sent over the weekend (see Why the Market Will Keep Climbing). Looking at stock returns back to […] Continue Reading…

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3 Under-the-Radar Value Stocks

It’s hard to find good value stocks in today’s market. After years of almost uninterrupted bull market, valuations are looking stretched. The S&P 500 trades at 27 times cyclically-adjusted earnings, making them 63.9% higher than their long-term average and […] Continue Reading…

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2015 Investment Outlook

I gave a presentation to the Robertson Wealth Management team this week outlining my investment outlook for 2015, and I’m posting the presentation here. I don’t have a complete transcript prepared, but most of the charts are pretty self-explanatory. […] Continue Reading…

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Where to Look for Cheap Stocks in 2015: CAPE Around the World

2014 was a lousy year for global value investors. Cheap markets, as measured by the cyclically-adjusted price/earnings ratio (“CAPE”) got even cheaper, while expensive markets got even pricier. (Note: the CAPE takes a ten-year average of earnings as a […] Continue Reading…

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