Introduction: I got a great question from a new subscriber last week. He wanted to know if I thought he should buy the stocks currently on the DKI recommended list, or if some of the positions that had big profits should be considered a “hold”. It’s common for large investment firms to hire performance psychologists. … Read more
We’ve spent the better part of the last few weeks hearing from the “pivot” people. These are the market participants who have been advocating for, hoping and praying for, and betting on a Federal Reserve pivot. An astute reader recently pointed out that the definition of the Fed pivot has shifted from reducing interest rates … Read more
I’ve worked for and run a variety of different hedge funds with multiple strategies: concentrated long-only, long-short equity, long-term value, special situations, growth investing, options-based hedging, and even risk arbitrage (betting on the results of an announced but not completed merger or acquisition). The best investors have a clear understanding of what makes a good investment … Read more
Introduction: We’ve noted in the past that many market participants are eagerly waiting for the “Fed pivot”; the time when they expect the Federal Reserve will reassure investors that it’s done raising rates and can get back to more of the fun zero-interest rate combined with trillions of dollars of quantitative easing. Of course that … Read more
