Newsletters

Gold stocks vs Gold bullion: What’s the difference? I first wrote on the topic of the difference between investing in gold bullion and gold stocks... Read More →

Extreme reversion is not an outlier Managing money with a strong or primary filter in the analysis of security price action has changed over the... Read More →

The laws of diminishing returns I watched the most fascinating documentary recently on the properties and nature of the universe. How big is it? What’s... Read More →

What would you do if… Big American pension fund managers have a problem: after 12 years of holding a portfolio of America’s 500 largest stocks,... Read More →

2013: What’s going on down in the deep? Prognostication on the future can be a mug’s game. You look like a goat if you’re wrong... Read More →

Theories sometimes work; price always does Economic Theory is very interesting stuff. It’s basic logic and it’s all about supply and demand. When a government... Read More →

If you can’t stand the heat… My hobby is the study of ancient wisdom and philosophy. In June that hobby took me to the high... Read More →

Value Investing Many investment advisors claim to be value investors. They use statistics such as earnings per share and book value per share, to judge... Read More →

Viking Finance When travelling, I love to stay at bed-and-breakfast establishments because I meet the most interesting people. Even boring people seem interesting over a... Read More →

Gold bug logic In 1975 when I joined with Merrill Lynch Canada, US President Nixon had recently signed a bill permitting Americans to invest in... Read More →