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Written by Max & John Osbon

Weekly Articles by Osbon Capital Management:

Ten Years Post-Crisis, What Have We Learned?

Sep 19, 2018 - John Osbon ( 5 mins to read)

September 2018 is the month to mark – not celebrate – the ten-year anniversary of the financial crisis. The crisis started on three specific days. First, Fannie Mae and Freddie Mac were put into government conservatorship on September 6th. Next, Lehman Brothers filed for bankruptcy on September 15th. Finally, AIG was bailed out by the government on September 16. Just recalling these events can give you the chills. What have we learned since then?

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Determining your liquid assets

6 factors that influence how much cash to hold

Aug 29, 2018 - Max Osbon ( 6 mins to read)

Between boomers wrapping up careers and entrepreneurs thinking about new ones, many are considering retiring from current roles to follow other pursuits, passions and opportunities. For these folks, a critical question is how much cash to hold. Cash reserves provide a sense of security, a buffer against a challenging investment climate and dry powder for interesting one-off opportunities. How much is enough? Is there such a thing as too much? The answer is often a dynamic moving target. Here are…

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Price Targets Are Obsolete: Why are they still a thing?

Sep 12, 2018 - John Osbon ( 5 mins to read)

Apple is in the news again this week because of its Gathering Round conference where the company announces new products and upgrades. With every event like this comes a new round of price targets and buy/hold/sell recommendations from Wall Street analysts. Our question is why do they bother? Individual price targets are notoriously unreliable and can be dangerously wrong.

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Peak Passive? Not so fast.

Sep 5, 2018 - Max Osbon ( 6 mins to read)

The FT ran a story this week asking if we’ve hit “peak passive.” Similar to peak oil, peak “X” refers to an asset class hitting a sort of critical mass or market saturation. It also vaguely implies that there is no more room to grow and down is the only direction possible. With millions of investors relying on portfolios of passive index ETFs, this could be a mass catastrophe in the making. Or is it? Let’s take an objective look…

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The Case For India

Aug 22, 2018 - John Osbon ( 5 mins to read)

India has been getting favorable headlines this year because its prime minister is considered progressive and because its stock market is doing well. The Indian Sensex is up 430% since 2008. India is not exactly a favorite market yet but it has been doing better than many markets in the world. Is it time to invest? Time to hold on for the long term? Let’s look at some basic investment facts about India.

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The Incredible Shrinking Market

…and what it means for you

Aug 15, 2018 - Max Osbon ( 5 mins to read)

The New York Times published a feature article last week on our shrinking US stock market. It’s true that the number of publicly listed US securities has dropped from over 7,000 in 1996 to fewer than 3,800 today. That sounds like an economy that’s becoming less diverse, less innovative and less competitive. Is that really the case? Are these numbers a warning sign for investors? Let’s sort it out with some added context:

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How Big is Too Big?

Aug 8, 2018 - John Osbon ( 4 mins to read)

Apple made headlines around the world last week when it crossed the $1 trillion dollar market value level. Apple’s value now begs the question, how much higher can it go? Is $2 trillion feasible? How about $4 trillion? Or has Apple grown so large it will begin to fade? Is the trillion dollar mark a limit or a launchpad?  

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Four Books for Your Summer Reading List

A mix of topics useful for any aspiring or professional investor

Aug 1, 2018 - Max Osbon ( 5 mins to read)

I chose these books to address four themes that I think are valuable for successful investors. The first will help boost your optimism by viewing our progress as a society through a broader lens and a fresh perspective. The second will inspire you to be more effective when getting together with people to share ideas, investment or otherwise. The third, one of Warren Buffett's all-time favorite investment books, will help you focus on the most effective attributes of a successful…

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Mid-Year Check Up

Jul 24, 2018 - John Osbon ( 5 mins to read)

Where were we one year ago? Have your investments gained value or slid? It’s hard to keep track when economic and political news is so loud. We’ve had two years of market anxiety – from Brexit and nominee Trump to tariff trade wars and non-stop interest rate increases. Fears persist. So let’s take a mid-year time out and figure out which way is up.

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