The Search for Investment Serenity: The Look Back Test!

Late last year, in a post titled “Go where it is darkest” , I argued that the best investment opportunities are likely to be found in the mi...

The Small Cap Premium: Where is the beef?

For decades, analysts and investor have bought into the idea of a small cap premium, i.e., that stocks with low market capitalizations can b...

Dealing with Low Interest rates: Investing and Corporate Finance Lessons

A few months ago, I tagged along with my wife and daughter as they went on a tour of the Federal Reserve Building in downtown New York. Whil...

The GM Buyback: Beyond the Hysteria!

Here is a script for a movie about the evils of stock buybacks, with the following players. The victim is an well-managed company in a bus...

Illiquidity and Bubbles in Private Share Markets: Testing Mark Cuban's thesis!

It looks like  Alibaba is investing $200 million in Snapchat , translating (at least according to deal watchers) into a value of $15 billion...