Monthly Archives: February 2015

Growth Offers the Best Value

Posted on February 17, 2015 by tomdoerflinger

In this week’s Barron’s Lawrence C. Strauss has an interesting article on the “growth versus value” debate. It is is a dumb concept invented by quantitative analysts and pension fund consultants that has little utility for real investors who actually … Continue reading →

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Famous Random Events in American History

Posted on February 15, 2015 by tomdoerflinger

Item: President Obama opined that Americans were right to be concerned that in Paris there were “violent vicious zealots who behead people or randomly shoot a bunch of folks in a deli In Paris.” His spokesman Josh Earnest said the … Continue reading →

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Emerging Market Masochism: an Update

Posted on February 3, 2015 by tomdoerflinger

As I argued on  December 25, it is unwise for non-specialists to invest directly in emerging market stocks because: You can get exposure to EM economies with far less risk by buying U.S. or European multinationals. Emerging markets are very … Continue reading →

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Equity Market Outlook: Still Mediocre but Not Terrible

Posted on February 3, 2015 by tomdoerflinger

January’s 3% decline in the S&P 500 is consistent with my observation on December 30 that “Stocks Are Expensive, Offer Mediocre Risk / Reward.” The main issues are: Investors and strategists have become bullish and complacent; they were far more … Continue reading →

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