Observations, Calculations, and Values
I never know when we’re at a bottom. And I certainly don’t know when we’re at a top. It’s much easier to say that we’re not at a top, or not at a bottom, and act accordingly.
Today’s case in point - gasoline prices. Here’s how I constructed a simple hedge for my [...]
One of the reasons I like reading Whitney Tilson’s opinions is that he makes detailed and compelling arguments. At his investor conference this spring, he went into enormous detail explaining why the mortgage market looked poised for much, much rougher time ahead. His forecast of trouble for the big financial institutions with exposure [...]