Patrick Macabasco

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Warren Buffett’s Letter Lays Out Exactly How ‘Unsophisticated’ Investors Beat Huge Banks. It’s Worth Reading Every Word.

There’s a key passage in the 2014 Berkshire Hathaway letter to shareholders that helps explain the mindset of Warren Buffett, a man who has made staggering amounts of money over his investing lifetime.<p>Buffett’s points in the Saturday letter: volatility is not the same as risk, you should fear …

MTF Testing the Canon 11-24mm f/4L, the World’s Widest Full Frame Rectilinear Lens

<i>Editor’s note: If you’re unfamiliar with how to interpret MTF charts, you can find primers here and here.</i><p>I’ll be honest. I’m pretty excited about the …

Why UK shares have been cheaper than US shares since 1994

Chart of the week: Until the Nineties, investors saw British shares as deserving a higher valuation that those of American companies, but that pattern has now reversed<p><b>TO SEE THE FULL-SIZE VERSION OF THE GRAPH ABOVE CLICK HERE</b><p>Britain’s stock market entered uncharted waters this week when the FTSE …

These Are the States With the Worst Taxes for Average Americans

While a certain degree of income inequality might be expected, the difference between rich and poor Americans has grown dramatically in recent years. …

30 stocks traders are shorting like crazy

But it can be a sure way to avoid burning cash when a company's shares crash, making it worth the bet.<p>Several Chinese online retailers have a significant amount of short interest on this list.<p>And Bill Ackman says he is doing "God's work" by crusading against Herbalife, as more investors bet the …

Markets

Stocks fell Friday but have best month since October 2011

Stocks fell Friday as the Nasdaq failed to hit the 5000 mark again, but markets still managed to post strong gains for the month.<p>The Dow Jones industrial average fell 81.72 points, or 0.5%, to close at 18,132.70, and the Standard & Poor's 500 index fell 6.24 points, or 0.3%, to 2104.50.<p>The Nasdaq …