Insights on markets, emergent trends, history, innovation, risk management, global economics, strategy, policy, and other topics that catch our attention. Inspired by ongoing research, conversations and events. Written and edited by Osbon Capital Management and published every Thursday morning.
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Too much time is spent talking about price. Fundamentals are ultimately what drive equity prices higher over time. To say this another way, a company’s stock price can’t continue to rise unless it continues to be successful. The famous quote by Warren Buffett is, “In the short run, the market is a voting machine, but in the long run (...)
Market timeless, not market timing
It’s a classic investor dilemma. You’re holding cash that you’d like to invest. But the market is at or near an all-time high. You don’t want to buy at the top – no one does – but how long should you wait before investing the cash? You shouldn’t wait at all. Cash is not an investment since it…
Twenty in a row. Now what?
The Dow Jones Industrial Average has been on a roll, making a gain of about 15 percent in last 6 months. Along the way it managed to gain ground on 20 consecutive Tuesdays. That’s an unprecedented streak of glory on a day of the week that rarely gets its due. But what does it mean? What it means, of course,…
Never in America
Max Osbon is back in the US after a six month adventure that started in New Zealand and ended in Zambia. His final blog post features ill-intentioned baboons, bribery of border agents, and a safe return to the US. Experience his fascinating journey at neverinamerica.com.
Have you ever seen a 100 trillion dollar bill?
Have you ever seen a 100 trillion dollar bill? You will in a few moments, because no discussion of inflation is complete without it, and that’s this week’s topic. Prices go up. In the US, the things you bought in 1971 for $100 now cost $600. Well, some things – the legendary basket of goods that comprise the Consumer Price…
Decathlon approaches; training continues
Max and I are halfway to our July 28th decathlon benefitting Memorial Sloan-Kettering Cancer Center. With so many events to prepare for, my training program involves anything I can do to make progress, at any time, anywhere. And Max has been training all over the world.
What does “Best” really mean?
If you had to predict which players would top the money list in golf or tennis next year, you’d probably give strong consideration to this year’s top money winners. Same goes for top home run hitters and pitchers in baseball. Ditto for top-selling car brands and most-watched TV shows. It’s natural to expect that last year’s winners will continue to…
Cyberfraud: It’s not just Nigerian lotteries
It might be easier to take cyberfraud seriously if the emails were not so pitifully absurd and full of grammar gaffes. You know the ones, promising fantastic windfalls (“you are the sole hair”), ridiculous sums (“…of $650 million USAmerica dollars”) and laughable requests (“if please you just must send us your…”).
Max Osbon Joins Osbon Capital Management
With enthusiasm and pride I am announcing that Max Osbon is joining Osbon Capital Management, effective immediately. Actually, Max has been active in projects for our company since he was a 19 year-old math and finance double major at Santa Clara University. That’s when his work first got my attention – it was very fast and very right. Now he’s…
It’s always something, but rarely everything
Gold’s down this year, fairly dramatically so. This has some investors proclaiming the shiny stuff’s irreversible demise, or maybe wondering why they ever bought into it in the first place. My view is less dramatic: there’s always something that’s down, but rarely are all asset classes down at the same time. Right now stocks are strong and gold is weak. …
