Macroeconomics is important to investing in bonds, currencies and commodity-like equities. However, most great equity investors are great micro-, not macro-, economists, because many businesses’ unique microeconomics operate largely independent…
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Posted in Investing
Tagged investing, investment portfolio, microeconomics
Growth and value are the center of an everlasting debate about how one structures an investment portfolio. The story goes that value outperforms growth, and the bubble and bust of…
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Posted in Investing
Tagged investing, investment, investment portfolio, stocks
The news certainly isn’t getting better. Day by day, the data releases in the U.S. seem to disappoint. The China slowdown story is getting renewed traction. Finally, the most recent…
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Posted in Investing
Tagged China, equity, global investing, investment, investment portfolio
Among the bad raps that Wall Street actually deserves is a habit of creating lousy jargon. But sometimes that jargon captures a development that ought to concern individual investors. The…
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Posted in Investing
Tagged investment portfolio, investor, risk, stocks
I had two sharply contrasting conversations on the floor of the New York Stock Exchange late last week, but they both underscored the same point: good things often come to…
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Posted in Investing
Tagged Europe debt crisis, fiscal policy, investment portfolio, investors, monetary policy, stock market, U.S. budget