under the radar

When it comes to questions about the stock market, more often than not the correct answer is “I do not know.” What will stocks do if we use a bunker buster in Iran? I do not know. Back during the lead-up to the first Gulf War, everyone just knew that the ground war would cause oil...

The best investments you will ever make in your entire life are those in sectors and opportunities where almost nobody else agrees with you. The consensus holds that the asset class you are reviewing is terrible and investing there will almost certainly lead to immediate and severe loss of funds....

After four decades of buying and selling stocks, I’ve learned that the best investment strategies are deceptively simple. They’re the kind of ideas that make perfect sense once you hear them but somehow escape the attention of most investors who are too busy chasing the latest hot trend...

In the noisy world of financial markets, where momentum trades, meme stocks, and macro narratives dominate headlines, some of the best long-term investment opportunities are quietly compounding out of view. One such opportunity lies in owning high dividend growth stocks, especially those that...

As we close the books on the latest round of 13F filings, I want to pause and take a look at one more investor, someone whose name you are unlikely to see on financial television or in the headlines of the mainstream business press. He does not trend on social media, and even most professionals on...

Last week, instant Experts of the Internet took a few minutes off their duties as Global Trade and Monetary Policy Experts to share their insights on the information gleaned from the latest round of 13F filings at the SEC. The Clickbait Delivery Vehicles masquerading as financial media took a hot...

It took more than thirty years, but Japan may finally be on the cusp of a new economic era. After decades of deflation, stagnation, and demographic headwinds, the world’s third-largest economy is showing real signs of life. If you’re still anchored to the “Lost Decade”...

Let me share something about investing that most of Wall Street would rather you did not know: The best bargains are usually found in the places that make people nervous. And right now, Brazil and Colombia are presenting bargains that the institutional herd is stampeding away from. Robert Shiller...

It is messy. One tweet sends stock prices plummeting lower. Another revives the hopes and dreams of beleaguered traders, and they go into a buying frenzy. Scott Bessent gives a closed-door talk that is on the wires with a word-for-word replay almost instantly and the market rebounds. Peter Navarro...

Let me tell you a little secret the Wall Street crowd would rather you not know. You can still buy a dollar at a discount in this market. I'm not talking about some speculative biotech name or the latest AI flavor of the month. I'm talking about closed-end funds—yes, those sleepy little investment...

It takes a few years before you learn the most important words in investing (and most of life as well). “I do not know.” What is the market going to do over the next year? I do not know. How long will the trade war last? I do not know. No one knew that the Trump Administration would...

I admit it. I hate K-1s. For the uninitiated, K-1s are a tax form generated by a partnership to report income. If you own Master Limited Partnerships, you get a K-1 instead of a 1099. They can be a nightmare if you do your own taxes. Pro Tip: If you own MLPs, do not do your own taxes. Again, for...

Often as we go through life we find the need for mum to be the word. In 1967 a young Dusitn Hoffman was told in no uncertain terms that Plastics was the word. According to the 1976 movie Grease was the word. Today the word is tariff. Wall Street and old Washington has gotten far more of this word...

Peter Lynch, who managed Fidelity’s Magellan Fund from 1977 to 1990, achieved legendary status by generating an average annual return of 29.2% during his tenure. His ability to identify growth stocks before they caught Wall Street’s attention was a key factor in his extraordinary...

Office buildings are one oof the most unloved asset classes on the planet right now Wall Street hates them. The financial media hates them even more. Your average employee hates the very idea that office buildings existed in the first place Investors are convinced that it is not too terribly long...