The Power Law is a book about Venture Capital investing but that doesn’t mean it doesn’t hold lessons for public market investing. These are 12 investing lessons I found in the book. Lesson 1: Size Your Positions Correctly Venture investing… Read More
How Are You Managing Risk in the AMM Dividend Growth Strategy?
During any market correction — we’re lumping corrections and bear markets into one category for this article — a common question is how are you managing risk in the AMM Dividend Growth Strategy? Risk management is something that happens before… Read More
Our Grand Unifying Theory of Investing
The AMM Dividend Strategy launched 10 years ago in September 2011. Then in October 2013 we sent the very first AMM Dividend Letter. 8 years later you’re now reading our 50th issue! If you exclude our portfolio update emails, we… Read More
Sell Intuit Now Because of the Stadium Indicator and Intuit Dome? [Video]
Enron went bankrupt after their stadium naming rights deal. So did Adelphia, Worldcom, and Chesapeake Energy. This created the stadium indicator. Any company that does a stadium naming rights deal is going to go bankrupt and you should sell their… Read More
Signal vs Noise – Q4 2021 Client Letter
Investing, by definition, is a long-term endeavor. But investing for the long-term means staying focused through periods of short-term volatility, and frequently negative news flow. As the old saying in media goes, “if it bleeds, it leads”. Big down days… Read More
Market Excess and Where We’re Finding Value
Saying that the stock market is showing signs of excess is an understatement. Exhibit 1: This chart via Jim Bianco is the Goldman Non-Profitable Technology Index. Exhibit 2: This family is selling their home to invest in stocks. Exhibit… Read More
Should You Be Team USA or The Soviets of Investing?
“Do you believe in Miracles?” Al Michaels famously asked this question following the USA men’s hockey victory over the USSR in the 1980 Winter Olympics. As one of the greatest sports upsets of all time it quickly became known as… Read More
Holding Tight in a Loose Market
The average holding period — how long an individual investor owns a stock — has been in decline for decades. According to Reuters, the average holding period reached its lowest point this past summer. There are different ways of slicing… Read More
What Will the Stock Market Do Next? [Video]
The stock market is in a correction. While the trigger is unique the panic-induced selling is not. So after this rapid panic-induced market correction, should you invest in stocks now or not? To help us answer this question we need… Read More
Should I Sell My Stocks Now Because of the Coronavirus [Video]
Should you sell all your stocks now? Get out of the way of the coronavirus risk and then buy back in when it is safe again? Glenn discusses how we manage our dividend growth portfolio in times of uncertainty. How… Read More