If you typically review the first few paragraphs of conventional media reports, you might conclude that the United States is creating jobs at a torrid clip. Headline unemployment registered a 4 1/2 year low at 7.3%. What’s more, 169,000 positions in August sure sounds like a lot of new workers, doesn’t it?
The inconvenient truth of [...] [...more]
Value-oriented thinkers have labored to persuade investors to invest in Europe for nearly three years. Specifically, they’ve pushed forward the idea that miraculously low price-to-book ratios offer compelling bargains in European ETFs, in spite of the ongoing sovereign debt crisis and negligible economic growth.
However, deep discount investing during financial crises is a recipe for failure. [...] [...more]
I went skiing at Snow Summit in Big Bear over the holiday weekend. The slopes at the resort were¬†spectacularly groomed, and Saturday’s massive blizzard treated visitors¬†to a foot or more of fresh powder.
A severe¬†downpour in the city of Big Bear? From an¬†investment adviser’s¬†vantage point,¬†the actuality was more than a little ironic.
Nonetheless, it was an extraordinary [...] [...more]