Investing well by investing good Over the past two or three years, many investors have focused more on companies’ performance in terms of a new set of standards, those of the Environmental, Social and Governance movement. ESG might sound like something that appeals strictly to yoga instructors and vegan coffeehouse staff, but that is an

This month's models have been posted. Are you stimulated? You shouldn’t be. The package that Congress passed on December 21, 2020 – seems like only 50 years ago – is not technically a stimulus bill. It is an appropriations omnibus to fund the government for the coming year and, tucked between allocating money for public

This month's models are posted. Personnel is policy It can be presumed at this point that on January 20, 2021, Joe Biden will be in office. Elections, no matter how well-executed and no matter how flawed, come to a conclusion at some point. The winner gets to pick the people who will execute the agenda.

This month's models have been posted. There are CHANGES in EVERY MODEL (highlighted in yellow). Election 2020: The wave that wasn’t Donald Trump won the White House by the narrowest of margins, and it looks like he lost it the same way. Meantime, the Republicans apparently kept control of the Senate and even eroded the

This month's models are now posted. There are NO CHANGES in the models. A year of spare time Believe it or not, there has been an upside to 2020. Less than willingly, to be sure, we were given the opportunity to re-assess what matters most. What we did with our sudden windfall of spare time

This month's models are posted. There are no changes in any of the models. The rest of the newsletter will be published by mid month. Betting your dollar bottoms In this space about a year ago, we discussed investing in commodities. “So, what’s your plan for your post-Great Expansion nest egg?” we asked you, referring

This months models have been posted. Is there a stock exchange on Bizarro World? This article was supposed to be a reminder that, during tough times, it’s generally better to hold large-cap stocks than small-cap stocks. We’ll get into the theory in a moment but, like everything else that once made sense, the coronavirus pandemic

This month's models have been posted. Bonds. Junk bonds. We discussed last month how much debt is floating around out there. If you don’t care to follow the link, America’s bar tab was around $54 trillion; half of that was money owed by the federal government, and a quarter of it was credit cards, auto

This month's models are posted. There are CHANGES in ALL THE MODELS (highlighted in yellow). Looming debt: Worse than you feared, but not as bad as you think  Debt is piling up. That’s for sure. If the headlines are to be believed, we’re all going broke except for the bill collectors and bankruptcy lawyers. We

This month's models have been posted. The rest of the newsletter will be published by mid month. Rough Landing Ever notice how many business terms come from aviation? “The 30,000-foot view.” “Headwind.” “Golden parachute.” But there is one troubling term being bandied about now: bailout. You can relax, though. When you hear it related to