mcdz71

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Topcon and SDF Sign Letter of Intent

Topcon Agriculture and SDF have signed a letter of intent to enter into a non-exclusive long-term partnership agreement. SDF manufactures tractors, …

A Hedge Fund Manager, Nas, Snoop Dog And Jared Leto Are All Investors In This New Trading App

Vivien Killilea/Getty Images<p>Howard Lindzon has made a lot of money trading for other people as a hedge fund manager.<p>Now he's putting nearly $1 million dollars behind Robinhood, an app that lets people trade stocks whenever they want, with no commission fees.<p>Lindzon told Business Insider that this …

The "Perfect" Salary for Happiness, by State

A few years ago, a Princeton study suggested that $75,000 is the happiness tipping point—earning more than that, happiness may not really improve. …

On the “770” Account

A letter from a reader:<p><i>Dave,</i><p><i>My Mom asked me about 770 accounts (apparently, she wants to open one). I’ve reserched</i> [sic] <i>them, but can’t quite figure</i> …

Five Best Meal Planning Apps

There’s a lot to be gained by planning your meals. You eat better, healthier food, do more cooking for yourself and put more thought into what you …

Investment Manager Explains Why 99.5% Of Americans Can Never Win

<i>Beyond the charts and warnings from economists and investors, perhaps the most disturbing commentary on income inequality in America was written by an investment manager in 2011.</i><p><i>"In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping</i> …

Pursue Generational Accounting

I am one of the endorsers of the INFORM Act. I have believed for over 25 years that younger people need to understand the costs that they are …

The Education of an Investment Risk Manager, Part IX (The End)

I’m bringing this series to a close with some odds and ends — a few links, a few stories, etc. Here goes:<p>1) One day, out of the blue, the Chief …

Temporary Prosperity at the Cost of Longer-term Prosperity

Apologies for last night’s post on Bernanke. I have deleted it. It was not one of my finer efforts (it was late), and I went down some rabbit-trails …

Book Review: Investing in Municipal Bonds

In my life, I have been a mortgage bond manager, and a corporate bond manager. I have enough overall experience that I have played in most bond and …

Book Review: Quantitative Value

This is a book that gets everything right in broad, but is too insistent on the details. How should you approach value investing from a purely …

Book Review: Value Investing: From Graham to Buffett and Beyond

Several months ago, I was walking in my bedroom, and in a stack of books that we frequently give as gifts, I saw the book Value Investing: From …

Book Review: Pound Foolish

To my readers: if you like this review, please vote it up here at Amazon. Thanks a lot.<p>Personal finance has issues. This is because there are many …

Polar Petroleum, Frozen

I’m not going to run the promoted stock scoreboard again so soon, but let it be known that Dephasium has fallen ~75% in the 5 days since I wrote …

On the Designation of Systemically Important Financial Institutions

What does it take to create a global or national financial crisis? Not just a few defaults here and there, but a real crisis, where you wonder …

Advice for Aspiring Advisor

From an email from a reader:<p><i>Dear David</i><p><i>My name is YYY, an I am from Ecuador. I am the owner of ZZZ. ZZZ is a business that is focus on wholesaling</i> …

How Competition Drives Pricing, Yield and Risk Cycles

The usually good Felix Salmon wrote a piece that I disagreed with called: Don’t worry about cov-lite loans. This is what I wrote as a response:<p><i>Ask a</i> …

A Letter to Warren, Part 2

You might recall my letter to Warren Buffett, and his response to me. A number of my readers made some very nice offers to help me on this project. …

The Rules, Part XLII

<i>During a panic, it is useful to reflect on the degree to which the real economy has been driven by the financial economy. In the Great Depression,</i> …

The Rules, Part XXXVIII

<i>There is probably money to be made in analyzing the foibles of money managers, to create new strategies by taking on the opposite of what they are</i> …

Goes Down Double-Speed (Updated)

A little more than two years ago, I wrote Goes Down Double-Speed. I wrote it after the market had doubled from its lows two years earlier. I want to …

What to Do When Things are Nuts?

I have not been a fan of this rally, and I have been selling into it. I do have a rule for equity clients — cash never goes above 20%. I have been …

On Insurance Investing, Part 7 [Final]

I wrote this piece once, and lost it, 1000 words. Going to try again.<p>1) The first thing to realize is that diversification across insurance …

The Knot at the Bottom of the Rope

From a reader who I appreciate:<p><i>David, I am curious if you have thoughts about insurance companies (especially P&C) hedging political risk … the</i> …

On Insurance Investing, Part 6

This piece is the sixth out of seven in a series that I have been writing at Aleph Blog. Here are links to the first five pieces:<p>On Insurance …

Easy In, Hard Out (Updated)

My view is that there is no such thing as a free lunch, not even for governments or central banks. Any action taken may have benefits, but also …

Bubbles are Easy to Spot, well almost…

Bubbles are easy to spot. Wait, don’t most people say that bubbles are impossible to spot?<p>I’ll say that again: bubbles are easy to spot. Why? People …

Best of the Aleph Blog, Part 19

These articles appeared between August and October 2011:<p>Take Prudent Risk<p>One of the great secrets of investing is taking moderate risk. High risk …

Industry Ranks May 2013

My main industry model is illustrated in the graphic. Green industries are cold. Red industries are hot. If you like to play momentum, look at the …