Lance on May 06 2008 | Filed under: Asset Allocation, Commodities, Energy, oil
Goldman’s Murti Says Oil `Likely’ to Reach $150-$200
Do you remember when Murti was derided for making the call that oil was going to have a superspike? I do, and I was one of the skeptics, though only for a brief while.
Crude oil may rise to between $150 and $200 a barrel within two years as [...]
Lance on Feb 11 2008 | Filed under: Absolute Return, Asset Allocation, Domestic Equities, Great Investors, Hedge Funds, Relative Return, Risk, Valuation, indexes, real estate
The recent downturn from the high in October has led to a great deal of chatter about the markets being cheap. That the recent turmoil has presented us with wonderful buying opportunities based on valuation. Readers here know that I disagree, and vehemently. Which doesn’t mean there isn’t money to be made as speculators. Certainly [...]
Lance on Jan 29 2008 | Filed under: Absolute Return, Asset Allocation, Commodities, Developing Markets, Domestic Equities, Domestic Fixed Income, Great Investors, Hedge Funds, International Equities, Managed Futures, Portable Alpha, Relative Return, Risk
Finally it is the long-term investor, he who most promotes the public interest, who will in practice come in for most criticism, wherever investment funds are managed by committees or boards or banks. For it is in the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of average [...]
Lance on Jan 25 2008 | Filed under: Asset Allocation, Domestic Equities, Risk, Taxes
Where Have Buybacks Gone, asks the Wall Street Journal? I cannot tell you how often I heard that buybacks were going to keep earnings strong (Ken Fisher in particular comes to mind.) As the Journal points out, that can dry up if people need the capital, or in a related issue, have loaded themselves up [...]
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