We have officially removed airlines from our list of industries in which we would absolutely never invest. Years ago, I decided it was a dicey proposition to invest in airline stocks and vowed to avoid them. It was an industry that always seemed to figure out how to shoot itself in the foot, and I…
Since the stock market “bottom” of March 2009, the S&P 500 has climbed 169%, which translates to over 21% per year. Conventional wisdom would tell you that the stock market is overvalued and is due for a correction. But then conventional wisdom probably told you the same thing a year ago when the S&P 500…
On April 13, 2014, Mindy Corporon’s 14-year-old-son, Reat Griffin Lloyd Underwood, and her father, Dr. Bill Corporon, were at the wrong place for a split second. Dr. Corporon and Reat were in the Jewish Community Center’s parking lot before Reat’s audition for the Kansas City Superstar competition. A gunman ambushed them and they became the…
I attended the 67th CFA Institute Annual Conference in Seattle earlier this month. It brings together CFA (Chartered Financial Analyst) charterholders from all over the world to hear what some of the industry’s most brilliant minds have to say. Last year’s conference was held in Singapore, and next year it will be in Frankfurt (Germany, not…
For the first time in over a year, investors were faced recently with legitimate “headline risk.” Not since the bogus “Fiscal Cliff” scare of late 2012 have there been headlines frightening enough to make investors worry. I have said all along that securities markets prefer tranquility. They don’t like noise and uncertainty. Markets like Disney…
