Benjamin Franklin once said that an investment in knowledge is paid back with interest. On the other hand, a little knowledge can be a dangerous thing. Most Americans are pretty awful when it comes to investing. More than 50% of Americans who invest psychologically psyched themselves out and make self-sabotaging decisions, like buying high and […]
The COVID-19 pandemic is changing the world as we know it, including endangering the viability of multiple global industries. So far, the industry hardest hit by COVID-19 panic is unquestionably the airlines. After 9/11, the airline industry in the United States was grounded for several days. Now, many airlines are worried about going out of […]
Over the past few years the price of Tesla’s stock has been as mercurial as its founder, Elon Musk. Over the past 12 months its shares have run from from a high of $945 to a low of $177. The volatility in Tesla’s share price reflects a divide between two schools of thought on the […]
Warren Buffett, long acknowledged as one of greatest investors of all time, has sat atop the perch of his investment fund Berkshire Hathaway for more than 60 years. An investor who purchased 50 shares of Berkshire in 1965 would now have an investment worth $20 million. Is it any wonder then, why investors the world […]
Former star value investment investor Bill Miller considers the current downturn within the stock market, to be “an exceptional buying opportunity.” “I don’t mean to put all the money in at once, but I do think layering it in right now is the way to go.” Miller made a name for himself in finance when he […]
Gary Cohn, the former Goldman Sachs executive and ex-White House economic advisor, believes that COVID-19 will undoubtedly lead to a recession in the United States. The resulting recession will cost the United States “trillions” of dollars and lead to record unemployment. “We’re in a recession; I’m not going to tell you that we’re not in a […]
Founder and CEO of Pershing Square Capital Management Bill Ackman gave recently gave an impassioned defense for a nationwide shutdown — even if it hurts his own investments. During the now-infamous diatribe, Ackman warned “hell is coming” for the United States should it forgo a nationwide federal shutdown due to COVID-19. “We need to shut it [America] […]
J.P. Morgan Chase CEO Jamie Dimon sees a bubble waiting to pop in sovereign debt. When asked if any of the current sectors of the economy give Dimon any cause for concern, he bluntly replied, “Only in sovereign debt.” “Right now, people think central banks around the world can do whatever they want.” “They can’t.” Mr. […]
Economist Mohamed El-Erian is urging investors to proceed with caution before buying into any coronavirus dip. “I stress, this is different,” said El- Erian. “I would continue to resist, as hard as it is, to simply buy the dip.” This strategy especially applies to long-term investors. “If you are a long-term investor, I would wait.” “I think […]
Ben Carlson, portfolio manager at Ritholtz Wealth Management, is all in on “buying the dip.” History would say there is a considerable amount of evidence to support buying whens stocks swoon sharply. “Fifty-six percent of the time, stocks were higher one year later. Seventy-two percent of the time, they were higher three years later. And they […]
