The S&P 500 is only down about 10% from its all-time high. Yet it feels like the market is down a lot more than that. Well, there’s a reason it feels that way. The S&P 500 – which is weighted by market cap – is being supported by a handful of expensive, high-flying tech stocks....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

Peter Lynch is one of the all-time greats. While running the Fidelity Magellan fund from 1977 to his retirement in 1990, he generated almost hard-to-believe annualized returns of 29.2% per year. And take note that this was before the roaring bull market of the 1990s. If there were a pantheon of investing gods, no one...Read More

Even in his prime, Warren Buffett couldn’t consistently deliver 46% returns year in and year out. The sage of Omaha is good…but not that good. (Ok, there was a stretch in the 1960s when he really did generate those kinds of returns, but we won’t split hairs.) Amazingly enough, those kinds of returns are offered...Read More

He may be a murderous bastard with no conscience, but if Frank Underwood were a real-life candidate for the presidency, I would vote for him. Frank Underwood is not a real person, of course. He’s the crooked politician portrayed by Kevin Spacey in the Netflix series House of Cards who claws his way into the...Read More