The purpose of this site

The purpose of this site is to make me a smarter investor and a more knowledgeable advisor to my clients. I read research and news for hours, thousands and thousands of words each day, to make sure that I’m aware of everything that’s happening. I blog or link to much of what I read in…

Murder Holes, Revisited

I have to tell you, it’s very cool how my book, Backstage Wall Street, has started to gain traction among my fellow financial advisors this winter. I’ve heard from hundreds of them and it’s amazing how much we all agree upon, how many of them have had similar experiences to mine. One of the areas…

Schaeffer’s 2013 Outlook: A Fifth Year for the Bulls

My friend Ryan Detrick is a very talented market commentator – he nailed the bullish call in 2012 and my interactions with him all year were very helpful in terms of formulating my own thoughts and opinions. Ryan is out with 2013 market outlook, a year in which he’s looking for a 14% return for…

Revenge and the Takeover of Las Vegas

“They’re cleaning up the entire market. They’re going to take all the top staff from every club in town. They will completely change the nightlife business in Las Vegas. They’re going to put several clubs out of business; not just one, but several!” The next time you head out to Las Vegas, prepare yourself to…

Is Hewlett-Packard the Most F*cked Company in the World?

I’m fully aware that, should Hewlett-Packard undergo a major transformation and turnaround in the next year, I will look like a total jackass and people will point back to this blog post with tears of laughter streaming down their cheeks. I don’t care, I accept that this is a possibility. That said, a Hewlett-Packard turnaround…