Archive
Feb 05, 2009
Investors Made 566% the Last Time This Happened
Andrew Mickey, Q1 Publishing
No one really knew what to expect when Sid Bass took over the family oil business in 1968. Sid’s father and uncle were wildcatters who struck it rich in the 1930’s. The two built an oil company with 120 wells and a combined fortune of $50 million over the next three decades.
In 1968, the family fortune was handed over to Sid. Once at the helm, Sid hired Richard, one of his old college buddies, away from Goldman Sachs to help him invest the family’s fortune...
No one really knew what to expect when Sid Bass took over the family oil business in 1968. Sid’s father and uncle were wildcatters who struck it rich in the 1930’s. The two built an oil company with 120 wells and a combined fortune of $50 million over the next three decades.
In 1968, the family fortune was handed over to Sid. Once at the helm, Sid hired Richard, one of his old college buddies, away from Goldman Sachs to help him invest the family’s fortune...
Feb 03, 2009
What the Really Smart Money is Buying
Andrew Mickey, Q1 Publishing
I think it was Benjamin Franklin who said, -- This, too, shall pass.-- I think the same applies now…this, too, shall pass.
That’s what David Dreman told me last Friday.
We talked about an hour after the markets closed. At the time, a Reuters headline proclaimed, Worst January Ever for Dow, S&P 500. The Dow sat at 8,000.
It was a pretty brutal week for the markets. But here’s the thing, Dreman didn’t seem too worried. I’d even go as far to say he was upbeat.
Why wasn’t Dreman too worried?
You see, he’s the contrarian’s contrarian...
I think it was Benjamin Franklin who said, -- This, too, shall pass.-- I think the same applies now…this, too, shall pass.
That’s what David Dreman told me last Friday.
We talked about an hour after the markets closed. At the time, a Reuters headline proclaimed, Worst January Ever for Dow, S&P 500. The Dow sat at 8,000.
It was a pretty brutal week for the markets. But here’s the thing, Dreman didn’t seem too worried. I’d even go as far to say he was upbeat.
Why wasn’t Dreman too worried?
You see, he’s the contrarian’s contrarian...
Jan 31, 2009
Staying One Step Ahead of the Obama Stimulus
Andrew Mickey, Q1 Publishing
MICKEY!
Yes, sir?
Why are all these coats in a pile? What is this mess? How tough is it to build a coat rack? Fix it!
We just threw our coats in the corner. We’ve been putting them there for months. We thought nothing of it. That’s just where our coats went.
That all changed one rainy day when our commander stopped by and went crazy over a few of our coats lying in the corner while they dried. I thought the reaction was a bit extreme, but I guess that’s just the way things were. Anyways, how hard could it be to build something to hang our coats on?
Well…I was about to learn – the hard way. But what I learned while making this coat rack will help us make some pretty good gains in infrastructure stocks over the next few months.
MICKEY!
Yes, sir?
Why are all these coats in a pile? What is this mess? How tough is it to build a coat rack? Fix it!
We just threw our coats in the corner. We’ve been putting them there for months. We thought nothing of it. That’s just where our coats went.
That all changed one rainy day when our commander stopped by and went crazy over a few of our coats lying in the corner while they dried. I thought the reaction was a bit extreme, but I guess that’s just the way things were. Anyways, how hard could it be to build something to hang our coats on?
Well…I was about to learn – the hard way. But what I learned while making this coat rack will help us make some pretty good gains in infrastructure stocks over the next few months.
Jan 29, 2009
6 Mistakes You Must Avoid in 2009
Andrew Mickey, Q1 Publishing
Our first priority is managing risk.
Seven months ago I had a chance to attend a presentation by investment manager David Burrows. You’re not going to find his name in the Wall Street Journal or a quote in a Bloomberg news article, but that doesn’t mean he’s not worth listening to. He is.
Burrows is the chief investment strategist of Barometer Capital, a mid-sized asset management company with about $900 million under management. It’s not the amount of money Burrows manages that’s important, it’s how he manages it. And if we pay close attention, we can learn a lot (or at least get a timely reminder)...
Our first priority is managing risk.
Seven months ago I had a chance to attend a presentation by investment manager David Burrows. You’re not going to find his name in the Wall Street Journal or a quote in a Bloomberg news article, but that doesn’t mean he’s not worth listening to. He is.
Burrows is the chief investment strategist of Barometer Capital, a mid-sized asset management company with about $900 million under management. It’s not the amount of money Burrows manages that’s important, it’s how he manages it. And if we pay close attention, we can learn a lot (or at least get a timely reminder)...
Jan 27, 2009
Companies Thriving in the Great Disruption
Andrew Mickey, Q1 Publishing
It’s tough to describe the current economic state of the world. Most expect a long recession. More pessimistic people are calling it the Greater Depression or the Great Depression II.
As we looked at in last Thursday’s Prosperity Dispatch, there's opportunity in every downturn. There will be winners and losers. The winners will have greater market share. There's just going to be a lot fewer winners. It has always been the survival of the fittest in the business world. Economic downturns just speed up the process - it’s Accelerated Darwinism.
Scott Anthony calls the current period the "Great Disruption." He predicts...
It’s tough to describe the current economic state of the world. Most expect a long recession. More pessimistic people are calling it the Greater Depression or the Great Depression II.
As we looked at in last Thursday’s Prosperity Dispatch, there's opportunity in every downturn. There will be winners and losers. The winners will have greater market share. There's just going to be a lot fewer winners. It has always been the survival of the fittest in the business world. Economic downturns just speed up the process - it’s Accelerated Darwinism.
Scott Anthony calls the current period the "Great Disruption." He predicts...
