Leave it to Warren Buffett to keep us guessing. The Oracle of Omaha just reported 8% stake in Seritage Growth Properties (SRG), a REIT spinoff of struggling old-line retailer Sears Holdings (SHLD). SRG owns a portfolio of 266 Sears properties, some of which it owns via joint ventures. But it’s essentially a dumping ground for...Read More

As we’re now just days away from Thanksgiving, I think it’s appropriate to take stock of what we have to be thankful for as investors this year. Let’s start with the Fed. I, for one, am thankful that we have a Federal Reserve chair that was forward thinking enough to keep rates at zero seven...Read More

Investing is one of those rare disciplines in which it really doesn’t pay to be original. This is money, not literature, and they don’t award Pulitzer Prizes for original work. You don’t want to mindlessly follow the herd, of course. That rarely ends well. Before you copy the trading moves of another investor, you need...Read More

What goes up must come down. Those were the words Sir Isaac Newton used to describe the forces of gravity, but more often than not, those words also can be used to describe highflying momentum stocks. When a momentum stock gets hot, valuation doesn’t matter — at all. Price becomes completely divorced from value. If...Read More

I joined CNBC Asia last night to chat about Apple’s (AAPL) new iPad Pro. I should start by pointing out that I am an Apple bull and long the stock myself and in client accounts. That said, I’m realistic, and I don’t see the iPad Pro amounting to much. It might peel away a few...Read More