Each position in your portfolio has a target weight, or ideal position size based on initial purchase. Around a position’s target weight we also assign a minimum and maximum tolerance band. Since positions are in constant fluctuation, the tolerance bands… Read More
With the new year we’re going to make our annual prediction about the U.S equity markets. But first we want to revisit some of the more memorable market predictions of 2016. “Sell Everything”- Andrew Roberts, RBS Strategist On January 11,… Read More
One my favorite new podcasts is the BBC’s 50 Things That Made the Modern Economy. Each episode is about 10 minutes long but packed with information. The latest episode discusses the greatest selling product in the history of the world… Read More
We originally bought Baxter as a special situation. At the time of purchase, the company was undergoing a corporate restructuring that would split the business into two publicly traded companies, Baxter (BAX) and Baxalta (BXLT). The old Baxter paid a… Read More
It’s Christmas time. A good time for Starbucks. Not because they will sell more hot drinks. They will. It’s because of all those Starbucks gift cards given out. You know you will receive at least one. Any funds loaded onto… Read More
The shave care industry is important to Procter & Gamble (PG). It is included in its Grooming segment and operates under the Gillete brand. Shave Care is a $15 billion industry with Gillete holding a 60% share. This is why… Read More
In the aftermath of Donald Trump’s surprise presidential win a lot of people are shocked and upset. They are upset for a lot of reasons, mostly personal and political, but I would like to add one more. The framing effect…. Read More
If you didn’t hear, Pokemon Go was a huge hit this past summer. Pokemon GO is an augmented reality smart-phone based game that integrates the classic Pokemon video and card game into the world around you. Pokemon Go was released… Read More
The hunt for yield in a low-interest rate environment has pushed conservative income investors out of Treasury and corporate bonds and into dividend paying stocks. “Bond-like” equities. So many income seeking investors have moved into dividend paying utility and consumer… Read More
Before last Friday Nintendo’s shares increased in value by 56% based on the popularity of Pokemon Go. The meteoric rise in Nintendo’s share price is a great example of the Substitution Heuristic. The Substitution Heuristic happens when we’re faced with… Read More
On Tuesday we sold a portion of our position in Disney. We still have a high conviction for Disney as it integrates the recently