Following up on yesterday's e-mail, a massively beaten-down stock has caught my eye again... Yesterday, I wrote about 10 stocks my then-colleague Enrique Abeyta and I had recommended back at my former firm Empire Financial Research close to the bottom of the COVID crash on March 24, 2020. Most did well, but there were two […]

Amid massive fear in the markets, it's hard to be the bold contrarian... But that's exactly what I was back in March 2020. When investors panicked in the early days of the pandemic, triggering the fastest market decline in history – the S&P 500 Index dropped 34% in only 22 trading days – I saw […]

Today, I'll share my outlook for 2025 – but it might not be the fully satisfying answer that many of my readers are looking for... For some context, in my e-mail exactly a year ago, I discussed many reasons why markets might do poorly during 2024: high valuations, bullish sentiment, rising national debt, the upcoming […]

1) As we kick off 2025, today I'll review some of the advice I gave to my readers over the roughly 240 daily e-mails I wrote last year... and tomorrow I'll share my 2025 outlook. Overall, the most important thing I got right was staying optimistic on stocks last year. For some context, longtime readers […]

It may have been rude of me to interrupt a CEO's lunch to form an investment thesis. But boy, was I sure glad I did so... It all had to do with the concept of getting a "variant perception" – a belief that a company will perform much better than most investors expect. That means […]

1) When we sat down for lunch, I braced myself for withering criticism. Instead, the price of a meal at a New York diner bought me one of the boldest (and most lucrative) calls of my career... You see, by early in my career from 1999 through 2002, fast-food giant McDonald's (MCD) had fallen on […]

Continuing my recent discussion on combining value and growth investing... If you correctly identify great companies that grow strongly – and buy their stocks at anything but the most extreme valuation – you'll do well with your investing. But if you really want to make a lot of money, you need to buy the stocks […]

Today, I want to warn you about one of the most insidious errors long-term investors can make... I'm talking about falling for value traps. These are stocks that appear cheap but nevertheless continue to decline along with the underlying business. As such, it's a critically important skill to be able to identify and avoid such […]

If you've followed my work for long, you likely know that I've changed my investing approach over the years from the old-school value style... It's a hybrid approach incorporating the best of both value and growth investing – what I've been calling "make money" investing. So today, I'll follow up on Friday's e-mail – in […]

1) Today, I'm expanding on a key presentation in yesterday's e-mail on my seminar on "An Introduction to Finance and Investing"... As I explained yesterday, I don't have any plans to teach another formal seminar on finance and investing like the one I gave to two dozen high school and college students (including one of […]