May 2013

Felix Zulauf: Here Comes the Buying Climax

Regular readers know I’m a huge fan of Felix Zulauf‘s career as a macro investor as well as his ongoing commentary. I always look forward to his remarks in the Barron’s Roundtables and in his regular notes.  Felix has been bearish for years now but opportunistic in some regards. He now believes that equities are…

Fear of the Future

Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present. – Marcus Aurelius Antoninus One of the “Five Good Emperors” of Rome, Marcus Aurelius spent the final decade of his life between 170 and 180 AD fighting the Persians…

How Dougie Met Alan

If you haven’t yet read the many tributes Barron’s has collected this weekend for Alan Abelson, I suggest you find some time for it. The entire Roundtable is in there as are the colleagues Alan spent decades inspiring and some fellow Wall Streeters and readers as well. Barry and I are in there, too. Alan…

Bernard Baruch’s 10 Rules of Investing

You want someone to emulate? Bernard Baruch (August 19, 1870 – June 20, 1965) was the son of a South Carolina physician whose family moved to New York City when he was eleven year old. By his mid-twenties, he is able to buy an $18,000 seat on the exchange with his winnings and commissions from…

Time Capsule: The Dawn of the Message Boards

In the course of my research this week, I came across an old New York Times article article my friend Michelle Leder wrote about the burgeoning message board scene. The story, from February of 1999, is a reminder of how obsessed individual investors were with the stock market and trading to get rich. Emphasis mine:…

Meet Cro-Magnon Investor Man

In the beginning, there was TheStreet.com and virtually everything posted there contained a buy or a sell call, an investment idea or a trade. And then there was Minyanville and the message boards of Yahoo Finance, Silicon Investor and Raging Bull, and, of course, the stockpicking foundries of Zack’s, the Motley Fool and Seeking Alpha. And we…