In August of 1971, Ray Dalio – now one of the most respected hedge fund billionaires on Wall Street – was a lowly clerk working on the Street. By coincidence, Dalio was starting his career during one of history’s critical turning points. President Nixon had just taken the dollar off of the gold standard. Dalio’s...Read More
The following is an excerpt from today’s 5-Day Forecast: Today is Labor Day, a holiday to honor the American worker by giving them a day off. The markets are closed, so you should really stop reading this, step away from the computer and enjoy the unofficial end of summer. But if you insist on reading, I’ll...Read More
InvestorPlace recently did a special report on ETFs: The 10 Best ETFs on the Planet Here’s an excerpt from my contribution: It’s a strange time to be an income investor. Most government bonds in the developed world actually sport negative yields. And even those in positive territory — like U.S. Treasuries — don’t yield enough...Read More
Whenever two Texans meet for the first time on neutral territory – and by neutral, I mean anywhere outside the Lone Star State – somehow, some way, the meeting inevitably becomes a contest to see whose Texan roots run deeper. It’s the closest thing to a manhood-measuring contest I can imagine without a ruler. At last...Read More
Photo credit: DonkeyHotey The following is an excerpt from 7 Stocks the Smart Money Loves… or Hates It’s that time again. 45 days after the end of each quarter, large institutional money managers are required to disclose the stocks that they bought or sold during the quarter. While this is an annoying to the money managers...Read More
