Fisher’s Advice — The Old, and The New

This month marks the 25th anniversary of Kenneth Fisher’s Forbes magazine column, and in his latest piece Fisher offers his thoughts on what has changed — and what hasn’t — in terms of his portfolio management advice. Among the principles Fisher says he still espouses: Avoid overpaying; Don’t just rely on the price/earnings ratio as […]

Buffett’s Best Advice

Fortune is running its annual “Best Advice I Ever Got” issue, with respondents ranging from golfer Tiger Woods to Google CEO Eric Schmidt to former Secretary of State and Ret. Gen. Colin Powell. It’s an interesting feature that often offers timeless, valuable wisdom. In the video below, Warren Buffett shares the best piece of advice […]

Faber: Gold & Equities the Places to Be

Marc Faber, the money manager and Gloom Boom & Doom Report editor who has an excellent track record of market calls, sees severe inflation coming, and says investors should be putting their money in gold and equities — not bonds and cash. Faber says he thinks we most likely saw the market bottom on March […]

New Normal? For Stocks, More Like Old Normal, O’Neil Says

A lot of investors and strategists are spending a lot of time these days trying to envision what the investment landscape will look like when the economy and market settle down. But growth stock guru William O’Neil, the founder of Investor’s Business Daily, says talk of a new era of investing is off the mark. […]

What Will “Normal” Earnings Look Like?

A lot of strategists and investors have been talking about what the “new normal” will look like as the economy recovers from the recent financial crisis and unwinds the excess leverage that many companies and individuals had been using. Mike Thompson, managing director of Standard & Poor’s, offers some interesting thoughts on that new normal […]

Dreman “Terrified” of Bonds

Famed contrarian investor David Dreman says inflation concerns have him “terrified” of bonds and seeing good times for stocks and real estate. “I think we’re going to have some of the worst inflation, with all the printing presses around the world running 24/7,” Dreman told Reuters. “Probably the two worst investments over the past two, […]

“Green Shoots” Talk Overdone — Stimulus Underdone, Says Shiller

In an interview with CNBC’s India affiliate, Yale economist Robert Shiller says that governments across the world should be focused on greater economic stimulus — and put concerns about rising national debts and potential inflation on the back-burner — in order to capitalize on the recent jump in confidence. Shiller says that the recent rise […]

Mauldin: This Time It Really Is Different (Sort Of)

In his latest “Thoughts from The Frontline” newsletter, John Mauldin makes a pretty bold proclamation that goes against a long-held principle of investing — this time, he says, things really are different. “If memory serves me, I have written several e-letters disparaging various personages who have uttered those very words, and gone one to confirm […]

Oberweis: Don’t Ditch Buy-and-Hold

While buy-and-hold investing continues to draw criticism from some pundits, money manager and newsletter guru Jim Oberweis begs to differ. In a recent interview with The Motley Fool, Oberweis says that buy-and-hold is alive and well, because timing the market remains an incredibly difficult task. “Show me some quantitative evidence that someone’s right, and then […]

Leuthold: Pullback Will Be Brief; S&P 1,100 by Year-End

Steven Leuthold, the longtime bear who has turned bullish in recent months, tells Bloomberg news that he doesn’t think the current pullback will run more than 5% or 6%, and says he still sees the S&P 500 getting to 1,100 by the end of the year. Leuthold says there are definite signs the economy is […]

Nygren: Returns to be “Historically Large”

BusinessWeek recently took a look at the dilemma facing value investors right now — that is, with the economic outlook still extremely hazy, the big recent rally generating predictions of a pullback, and valuation metrics bouncing around quite a bit, is it time to scale back stock holdings to wait for even better prices? Or […]

10-Year P/E: Stocks at Fair Value

After years of being overvalued by one of the tougher value metrics — the 10-year P/E ratio made famous by Yale economist Robert Shiller — stocks finally appeared undervalued a few few months back. Now, with stocks having surged some 35% in the past three-plus months, the broader market is back up to “fair value” […]

Yes, Green Shoots — and More, Sonders Says

Like Barry Ritholtz, Charles Schwab Chief Investment Strategist Liz Ann Sonders isn’t buying talk that the recession will end in late 2009 — but that’s because she thinks it has already ended. Sonders — who correctly called the start of the recession well before most — tells Yahoo! TechTicker that the recession “ended maybe April […]

Ritholtz: What Green Shoots?

Barry Ritholtz of Fusion IQ and The Big Picture blog thinks the talk of a housing recovery and a general economic recovery are very premature, and that what we’re experiencing now is relief that we avoided financial Armageddon — not real forward movement. “When I hear the word soar,” Ritholtz tells Yahoo! TechTicker in discussing […]

Bear Market Winners: A Good Long-Term Bet?

Given the major trauma the events of 2008 and early 2009 had on investors, it might seem hard to blame someone for latching onto the advice of the relatively few strategists who have fared well — or at least not that badly — during the bear market. But according to newsletter-tracker Mark Hulbert, doing so […]

Buckingham: Time for Value

Recently, we highlighted a study performed by Russell Investments that found value stocks typically begin to overtake growth stocks “almost immediately” when the economy bottoms. Today, John Buckingham of Al Frank Asset Management provides some additional evidence that good times may be in store for value investors, who were hit particularly hard in the recent […]

Bull Runs: How they Happen

Money magazine recently offered some interesting data on the relationship between the economy and the stock market. In the chart below, you can see how the market, on average, has risen during the first year of bull markets since 1980. What’s key to note is that as the market starts its rise — and, in […]

The Wisdom of Lynch & Templeton

Here’s an oldie but a very, very goodie — a Louis Rukeyser interview with Peter Lynch and the late John Templeton. The exact date of the video (posted on YouTube by ValueInvestingPro) isn’t given, but the references to the troubles in Kuwait and Lynch’s retirement make it clear the interview took place in the latter […]

Forester Says We’ve Seen the Bottom

Tom Forester, whose Forester Value was the only stock mutual fund to end 2008 in the black, says he believes the market has bottomed, but that stocks are now in a trading range. “I do think it has bottomed,” Forester tells the Nightly Business Report. “But I also think we’re in a trading range. We […]

The Little-Known Shipping Metric

Time magazine recently had a piece on “the least known key economic indicator” — the Baltic Dry Index. The BDI, which is a measure of worldwide shipping rates, has “registered some eye-popping gains over the past month,” Time’s Jeff Israely writes. “The London-based index registered its 23rd straight daily gain on Wednesday, closing at 4,291, […]