Familar Names on the Magic Formula List

I’m always a little skeptical of any stock market screen called a “magic formula,” but I do like to consult Joel Greenblatt’s screener by that name from time to time.

Greenblatt, who made the screen famous in his book The […] Continue Reading…

China’s Demographic Collapse

I love China stocks as an investment … for the next few years, anyway.

As I wrote recently, Chinese stocks are almost ridiculously cheap at current prices. Plus, the reorganization of the Chinese economy away from investment and export and […] Continue Reading…

The MOAT ETF: Not How Buffett Would Invest, But a GREAT Stock Screener

For an ETF dedicated to companies with sustainable competitive advantages—or “wide moats” to borrow a term from Warren Buffett—you might expect relatively low turnover.  After all, moats don’t dry up overnight.

Yet in its annual reconstitution last month, the Market […] Continue Reading…

Will Technology Make Us All Jobless?

According to a recent study at Oxford University, nearly half of U.S. jobs are at risk of computerization. 45% of America’s occupations will be automated away over the next two decades.

That sounds scary, and my bet is that it […] Continue Reading…

Is the E-Cigarette Revolution Getting Stubbed Out?

Earlier this year, I asked if e-cigarettes would relight Big Tobacco’s prospects. My answer was an unequivocal “no.”

Rather than being a durable growth business for Altria (MO), Reynolds American (RAI) or Lorillard (LO), e-cigarettes seem to be yet another […] Continue Reading…