Posts Tagged: millennial-invest

Technology Cash Machines

You’d be uncomfortable if you didn’t have enough cash to pay your bills, right? Well its the same story for companies–its good to have cash to cover your short term liabilities. I was curious how balance sheets looked today by a measure called the cash ratio, which is a convenient measure of short-term liquidity. The…

5 Predictions for 2015

1.       Everyone will continue to make predictions despite overwhelming evidence that predictions are useless. My father has been an incredible mentor, but you’d be surprised how few investing lessons he’s ever taught me. There were never lessons about ratios or sectors or discounted cash flows. Instead when I was growing up there was just one…

Value + Momentum: The Tortoise and the Hare

Buy cheap stocks, or follow the trend? Two conflicting (and often exact opposite) strategies that have both worked well through market history. Momentum, when it’s working well, can be unstoppable for years. When it’s not working, it can lead to horrendous results relative to the market. Value has been steadier, but it too undergoes periods…

Millennial Money Holiday Extras

Hey all, in the spirit of the holidays I’ve put together 3 offers for those that order Millennial Money for themselves or for their loved ones. For 17 bucks a book, you can light a fire under the rears of young people you know to get them started saving & investing. You can see the details here…  

The Best Books of 2014

Anyone that reads this site knows I am a book nut. I read about one hundred books this year, and thought it would be fun to share the best of them. You can also get 3-4 of my favorite books each month by signing up over here (added bonus, I have a holiday offer going…

Value and Glamour Investing, Re-Envisioned

Did you know that the best performing glamour stocks outperform the best performing value stocks? Sounds exciting, right? Well it may be, but expensive stocks still stink. In this piece I visualize the performance of value and glamour stocks (inspired by and originally designed by the director of research at OSAM, Chris Meredith) in a new way to…

Favorite Interviews

Interviews are my favorite. Lighter than presentations and easier than long pieces of text, interviews can provide fun and digestible insight into a topic–just look at the rise of the podcast! Here are my favorite interviews so far: Talking all things investing (whether you are a millennial or not) with the great Morgan Housel of the…

How Much Capital is Needed To Produce Sales?

How much capital is required to produce sales? I think this is an interesting question across U.S. economic sectors. Some sectors require boatloads of capital, others very little. Below are two looks at capital intensity (using capex-to-sales and assets-to-sales). For both, higher numbers indicate more capital intensive businesses.  Utilities and Telecoms are traditionally the most…

How Concentrated Should You Make Your Value Portfolio?

To take advantage of value investing, you need a smaller portfolio than you may think. I was curious to see what different levels of portfolio concentration would have produced in a value-only portfolio over the past 50 years, and report the results here.   I set up portfolios which bought the absolute cheapest stocks trading…

The Contrarian (Sociopathic?) Mindset

Expensive stocks suck. Cheap stocks are great. If you had followed these basic concepts through history, your results would have been incredible. Look below at the disastrous returns you’d missed by avoiding expensive stocks! And the huge returns you would have earned buying cheap stocks! On paper these results are enticing. But achieving results like…