WILLIAM R. WARNKE, CFA / STEVEN R. NICHOLS, CFA / ANDY P. RAMER, CFA
November 2024 To Our Business Partners HAS BUFFETT LOST HIS TOUCH? Much has been written in recent months about Warren Buffett’s latest investment moves. (Buffett is Chairman, largest owner, and primary manager of Berkshire Hathaway [...]
October 2024 To Our Business Partners THE HIGH COST OF PAYING TOO MUCH The NASDAQ Composite, especially its largest components, dubbed the “Magnificent Seven” – Apple, Amazon, Alphabet (Google), Facebook, Microsoft, NVIDIA, and Tesla – [...]
September 2024 To Our Business Partners WHAT WERE YOU THINKING?! - PART 2 A topic we covered three years ago has again come to the forefront of market valuation, that of price to revenues. Back [...]
August 2024 To Our Business Partners VOLATILITY After a relatively long period of calm, stock market volatility has returned. Stock prices have gone back to displaying wider daily price swings. This can be unnerving to [...]
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June 2024 To Our Business Partners GROUNDHOG DAY? A recent report in the Wall Street Journal noted that investors are once again moving back into the stock market. Flows into stock and bond funds are [...]
May 2024 To Our Business Partners STOCK BUYBACKS Public companies, like individuals and institutions, routinely buy their own company’s stock in the open market. Some do it to offset the issuance of stock options to [...]
April 2024 To Our Business Partners OBSERVATIONS Things to ponder: Due to sharply rising interest rates, the cost of interest on the U.S. federal debt now exceeds our country’s defense budget. At the same time, [...]
March 2024 To Our Business Partners MARKET CONCENTRATION ALL OVER THE PLACE We have often talked about the problem of concentration in market indexes. Price levels of the popular U.S. stock indexes have been led [...]
February 2024 To Our Business Partners MARKET CYCLES Throughout history, the financial markets have gone through relatively long cyles, interspersed with shorter intermediate cycles. The latter usually receive the most attention and are influenced by [...]
