Question: When looking at cheaply-priced stocks, how do you know which ones are solid value stocks and which ones are dreaded value traps? Answer: The value stocks eventually recover, whereas the value traps do not. I realize that my answer is no more useful than Will Rogers’ advice to “Buy stocks that go up; if...Read More

The art of investing is an exercise in making decisions under conditions of uncertainty. But today, it seems that the cloud of uncertainty is a little thicker than usual. During times like these, I like to do what your college professor might have called “cheating.” I like to look over the shoulders of other investors...Read More