Posts Categorized: Finance

More Stocks That Are Much Cheaper Than Usual

I had fun with a recent post highlighting some of the larger U.S. stocks which are trading at much cheaper valuation multiples than they have over the prior ten years (on average). In that post, Apple rose to the top of the heap in terms of cheapness relative to its own past.  Below, I have…

Buyback Yield in the U.S. Market

Buybacks are the hot topic. I’ve written before that buybacks can be very good under certain conditions (cheap valuations, high earnings quality, not funded by new debt issuance), but they can be very bad too (especially when the stock is expensive).  Many are saying buybacks are evil because spending on buybacks is stifling spending on…

Tech stocks CAN be great

Value investing has been the most consistent way to outperform the market for decades. It continues to work because it forces you to buy stocks for which the market has very low expectations (expectations which often turn out to be overly pessimistic). People are overly sensitive to losses and often shun value stocks. But what…

The Devil’s Dictionary

Jason Zweig has a fantastic new website that include’s a “Devil’s Financial Dictionary,” you have to check it out.  Zweig’s dictionary was (I think) inspired by one of the most fun little volumes every written, Ambrose Bierce’s “Devil’s Dictionary.” Here are a few of my favorite definitions from the original: CONSERVATIVE, n. A statesman who…

Searching for Deep Value Stocks

Deep value investing is a powerful way to beat the market, but deep value stocks are an endangered species in the U.S. I was recently talking with Tobias Carlisle, author of Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations, about what constitutes a deep value stock. To find these…

Six Things I Wish I’d Studied in High School

I was a complete waste of space in high school. Lots of drinking, bad grades, worse attitude. It didn’t help that so little of what was being taught could be practically applied in the real world. I took 8 friggin years of French, but didn’t spend a single hour learning about money or investing–putain, so…

These Stocks Are Much Cheaper than Usual

Apple’s stock is far cheaper today than it has been over the last decade. The transformation of Apple’s valuation looks so remarkable, it made me wonder if other large U.S. companies have undergone a similar transfromation.  I found some very interesting companies pop up… To identify stocks whose relative valuation (compared to all other stocks)…

For Apple, the iPhone 6 Doesn’t Matter. Valuation Does.

Should you invest in Apple? As the market eagerly awaits the September 9th launch of a suite of new Apple products, this question occupies the airwaves. Back in April, I wrote that Apple looked attractive despite negativity about the company. Below is an updated objective look at Apple based on two key criteria for evaluating…

6 Things To Do In Your Early 20’s

20 year olds: you’ll be amazed by how much you change in the next decade. You have the chance to get off on the right foot where most (myself included) did not. Below are a few things I wish I knew at 20. I wrote this list because of a hugely popular question at Quora:…