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This Time Is Not Different
History does not exactly repeat itself, but it rhymes.
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December Newsletter
In a headline driven market we take a look at the fundamentals that are going to propel this market in the long term.
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Bond Outlook for 2011
We have recently had a number of clients ask about our outlook for the bond market. With bonds, we feel that most questions derive from one of two sources. We’ll take each in turn.
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Housing Recovery Problematic
Recent economic reports have offered mixed results as we’ve seen Housing Starts and Building Permits tick up, but Home Prices decline. Most concerning of all, Existing Home Sales Supply catapulted to a record high of 12.5 months… indicating a growing …
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Political Economy
We had to share this insightful column from Stratfor, which discusses the present financial crisis in the larger context in which it belongs – as a political crisis. As we watch Congress pepper corporate executives with questions, it makes sense …
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It’s What You Buy
It’s What you Buy Growing up with a tightwad father, I learned that the only way to become financially prosperous was to scrimp and save, never buying a thing. But as I got older, I discovered that I made so …
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Carnival Cruise Lines (CCL)
In December we made a portfolio adjustment in the Yellowstone Partners All-Cap Global Strategy, selling Amazon.com (AMZN) and buying Carnival Cruise Lines (CCL). Our thoughts were simply that Amazon was fully valued, having risen drastically throughout the Christmas season. In …
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Buffett’s Tips for New Investors
I once had the opportunity to hear the Oracle of Omaha speak in person at a Utilities conference. I was enthralled by his remarkably simple wisdom. If there’s one thing that makes Buffett who he is, it’s his ability to …
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Gold – An Investment for the Ages?
As we have watched the spot price for gold slice aggressively through previous highs, boldly ascending at an alarming pace, capriciously eclipsing expectations, the question must be asked: is Gold an investment for the ages? The simple answer is, “yes …
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Amazing AMZN
In our quarterly newsletter we issued in September, we talked about using Google Trends to derive investment ideas. One of the positive trends we have been tracking and specifically mentioned was Amazon.com’s reading device, the Kindle. Here is the Google …