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The Easy Profit Game Ends In Smartphones, So Apple Plays A New One

It seems Samsung and Apple at last have something in common. As the Korean giant forecast its profits would be massive, but slightly below expectations, its stock price took a tumble. It appears the industry has crossed through a level some call “peak smartphone” — the point of maximum profit. This …

Diversification: Why Not Put Everything in Whatever Will Go Up the Most?

The U.S. markets are doing well this year. Many other asset classes are not. The S&P 500 was up 16.9% at its peak on June 18. Then it dropped 2.9% in the last 10 days of the quarter. This gain in the U.S. markets has some people questioning the merits of a global portfolio. But the track record of …