He is too much of a gentleman to do it, but if there was ever a money manager who could say “I told you so” it would be Jeremy Grantham of GMO.  Grantham and his team warned of the dangers of the 1990s tech bubble years before it burst, and warned of the consequences of...Read More

Quietly, under the radar, all signs are pointing to a strong recovery in the housing market.  Sales of both previously occupied homes and new homes rose sharply last month, as did building permits.   Building permits are up a whopping 22% over the past year. Mortgage applications are rising. And prices are rising in most markets....Read More

The last few weeks have seen a rally in…well…for lack of better word, “crap.” Before Tuesday’s correction, Research in Motion (Nasdaq: $RIMM) had risen 37% since just the beginning of this month and had nearly doubled from the low hit over the summer. Facebook (Nasdaq: $FB), the company that may be remembered as the most...Read More

In recent weeks, I’ve written that Microsoft ($MSFT) will ultimately muscle-out Apple ($AAPL) as the leader in smartphones and tablets.  It will be a long war of attrition, but Apple has no durable long-term advantages—what Warren Buffett calls “moats”—to keep most of its customers loyal.  And Apple’s insistence on controlling every aspect of both its...Read More

This is the time of year for giving thanks, and we all have quite a bit to be thankful for.  Though we complain about having a divided country, we live in a place where power changes hands without violence.  And for all the angst about rising taxes, at least we live in a country where...Read More