You Know How this Works!

You Know How this Works!

I’ve been in this game now for over 20 years. In reality, that’s nothing compared to the more than 200 years we’ve been exchanging stock ownership in this country. That being said, I’ve been around enough to know how these cycles work. Spoiler alert, if you’d rather...
Distractions and Drama

Distractions and Drama

Distractions are everywhere. It is hard to go through a day without an ‘in-your-face’ headline. For some reason, I feel that when we only had 3 channels on our television, AM talk radio and the newspaper, we managed these distractions much better. Today however we...
What’s Missing from this Bubble

What’s Missing from this Bubble

Look, I get it. The trailing multiple for the S&P is over 38, much higher than the median historic average of just under 15. Other metrics such as price to sales, price to cash flow, p/c ratio and investor sentiment surveys suggest extreme optimism. You’d have to...
You Just Never Know…

You Just Never Know…

I had already gained at least 20 lbs. and had only been on the desk for a year. I could feel the additional weight with each step, but it didn’t stop me from walking across the street to the gas station for a candy bar and soda. It was 9 am but I didn’t care and just...