One of the latest buzzwords I’ve been hearing is the concept of “last mile delivery”. The term was originally used in the Telecommunications field but has found a home in supply …
THE MARKET MAKER’S WIT 10/1/2017
WIT = What I Think “I don’t know what new challenge tomorrow will bring. But I do know that I will persevere. I know that I will not back down. And I know that there will be a day …
Baseball Players and Billionaires
Wes Chamberlain was an outfielder on the Phillies 1993 National League Championship Team. He was once asked how much he thought a trash collector made. His response? $100,000. That …
The Death Tax and Basis
Much has been made about the repeal of the Estate tax, commonly called the death tax. Currently, an individual can pass $5.49 million to their heirs at death. That amount is …
The Trump Difference
President Trump revealed the framework for the long awaited tax overhaul yesterday. The presentation was ripe with enthusiasm but somewhat short on details. Trump is often …
I’m thinking about Victoria’s Secret….
L Brands (LB:NYSE) is the parent company that owns Victoria’s Secret, Bath and Body Works and the PINK line of clothing. The company currently sports a dividend yield north of 6% …
It’s an EV-olution not a REV-olution.
Apple (AAPL:NASDAQ) has been selling off ever since they released their new product line. Apple stock has always been one that exemplified the dynamic of “buy the rumor and sell …
Why Investors Hold Stocks For Too Long.
A concentrated position is when an abnormally high percentage of your portfolio is in one stock. While some argue that a concentrated position is the best way to make a …
Truman, Trump, North Korea and Russia
On June 25, 1950, the Korean War began when elite North Korean troops crossed the border into South Korea with the intention of conquering the entire South. President Truman and …
I REMEMBER LARRY
Larry was a client of mine. He didn't have a lot of money. He didn't have any financial knowledge. An oft unemployed painter, he somehow came up with the idea of investing in one …
The First Credit Default Swap
If you own an asset that has the potential for loss or the potential to do damage to another’s property, you are wise, and often obligated to carry insurance on it. Life is filled …
Of course he thinks it’s impossible. North Korean missiles are being made with Russian parts.
Putin: North Korea crisis could be 'impossible' to solve http://www.wmur.com/article/putin-north-korea-crisis-could-be-impossible-to-solve/12182521 …