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The incredible story of alleged high school whiz kid Mo Islam, reported by “star” financial journalist Jessica Pressler at New York magazine, is all over the news media today:This Kid Made $72 Million During Lunch
High school student scores $72M playing the stock market
New York teen made $72M trading stocks on his lunch breaks
High School Student Makes $72 […]
This article originally appeared on the Independent Observer Blog.I recently took a look at housing for the first time in six months or so, and I thought it was time to examine the stock market in similar fashion to see where we are.In my market commentaries and videos, I have continued to discuss the positive trends and healthy fundamentals-which are […]
The world’s US$58.5 billion man, investor Warren Buffett, has for many years highlighted the benefits of holding large chunks of cash. Buffett, via his company Berkshire Hathaway often holds billions in cash simply to allow himself the optionality of seizing opportunities when they present themselves.Interestingly, it appears some of Australia’s top investors are currently following in Buffett’s footsteps and getting […]
Berkshire Hathaway’s annual letter to shareholders has included pages on the stock market and where it’s headed in previous years. This year? Silence.FORTUNE — The Oracle of Omaha’s crystal ball must be cloudy these days.In Warren Buffett’s annual letter to Berkshire Hathaway (BRKA) shareholders, released Saturday morning, he says little about the stock market or where shares might be headed. […]
I have recently noted that I am concerned about the level of stock prices these days.The main reason for this concern is that every predictive valuation measure (emphasis on predictive) I look at suggests that stocks are drastically overvalued.As many smart analysts have pointed out, valuation is useless as a near-term market-timing tool: It tells you nothing about what stocks […]
