American - Businessman | November 29, 1950 -
One component of the leading economic indicators is the yield curve. Bond investors keep a close eye on this, as it illustrates the spread or difference between long-term interest rates and short-term ones.
Kenneth Fisher
EyeBondDifferenceSpreadLong-Term
I've long loved emerging markets airlines because they usually sell at bargain prices. The troubled history of developed market airlines unfairly taints these stocks. In the emerging world, they're growth stocks.
GrowthHistoryWorldLovedLong
Many follow a rule of thumb - no more than 5% in one stock. But that's not the entrepreneurial road to riches.
RoadMoreFollowRuleThanMany
The world is filled with successful small businesses that stay small.
WorldSmallSuccessfulStayFilled
If you're 35, 45, or even 55 - you have a very long time horizon - 40 years or vastly more. That is you, and/or your spouse, are likely to live about that long, and you'll be investing the whole way.
LiveTimeHorizonLongYouWay
Plenty of funds have fine long-term returns despite being tax-inefficient and generally costly. But a dirty secret is this: Average, no-load fund investors do much worse than the funds - or the market.
DirtySecretLong-TermFineMarket
Despite its many critics, hydraulic fracturing will change the nature of energy production.
NatureChangeEnergyWillCritics
Windmills and solar cells are carbon-free sources of electricity. But they are costly. If you've been investing in those, give it up. That game is effectively over.
GameElectricityYouSolarOverUp
Fracking opens up vast tracts of the U.S. to exploitation by gas drillers. There's enough energy under our feet to last us for decades, maybe centuries.
EnergyFeetEnoughUpUsLast
Environmentalists should like fracking for its relative cleanliness. But they don't. They have made a bugaboo out of the chemicals in fracking fluids, which supposedly can leach into groundwater sources. I'm convinced they're dead wrong. Ultimately, good technology with a cost advantage will win out over paranoia.
GoodTechnologyWinWrongWillDead
Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble.
Too MuchTroubleSeriousGiveMarket
I can find only one bull market, in 1935, that didn't have some material indigestion within its first 12 months.
FindI CanBullFirstWithinMarket
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