January 29, 2021 By Steve Blumenthal “Rule number 1: Don’t lose money. Rule number 2: Don’t forget rule number one.” - Warren Buffett Over a very long period of time, value stocks have beaten growth stocks. Of course, there were moments when growth beat value. That’s evident in the top section [...]Read More >

January 22, 2021 By Steve Blumenthal "Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." – Sir John Templeton, Investor, Mutual Fund Manager, Philanthropist Euphoria is here... I remember the call I received in early 2007. “Steve, it’s Mark. [...]Read More >

January 15, 2021 By Steve Blumenthal “We're in uncharted waters... Nobody has gotten by with the kind of money printing now for a very extended period without some kind of trouble. We're very near the edge of playing with fire." – Charlie Munger, Vice Chairman, Bershire Hathaway Last year, [...]Read More >

January 8, 2021 By Steve Blumenthal “They (investors) will behave very peculiarly. And in terms of the reactions because they are human beings and they get excited when others get excited, they get greedy when others get greedy, they get fearful when other get fearful, and they'll continue to [...]Read More >

December 25, 2020 By Steve Blumenthal "There are two kinds of people - those who believe everything is a miracle, and those who believe nothing is a miracle." – Albert Einstein Sending you a warm wish for a wonderful holiday and happy new year. I do hope you are enjoying your family even if via [...]Read More >

December 18, 2020 By Steve Blumenthal “There will come a time when the economy does not require increasing amounts of policy accommodation, and when that time comes, and that will be uncertain… is some ways off.” – Jerome H. Powell, Chair of the Federal Reserve Board The Federal Reserve was [...]Read More >

December 11, 2020 By Steve Blumenthal “Rule #3: There are no new eras – excesses are never permanent.” – Bob Farrell, Former Chief Stock Market Analyst and Sr. Investment Advisor, Merrill Lynch Bob Farrell's 10 Rules for Investing Today, I share my favorite stock market valuation chart with [...]Read More >

December 4, 2020 By Steve Blumenthal “People and politicians are now at each other’s throats to a degree greater than at any time in my 71 years,” Dalio wrote. “How the U.S. handles its disorder will have profound implications for Americans, others around the world, and most economies and [...]Read More >

November 20, 2020 By Steve Blumenthal “I know now we have this big debate. Is it $2.2 trillion, $1.5 trillion? You gotta be kidding me. I mean just split the baby and move on. This is childish behavior on the part of our politicians.” – Jamie Dimon, Chairman and CEO, JPMorgan Chase It [...]Read More >

November 13, 2020 By Steve Blumenthal “History does not repeat, but it often rhymes.” – Mark Twain JPMorgan is out this week predicting the S&P 500 Index will reach 4,500 by the end of next year. I hope they are right, but I have doubts. What might cause such a move? High stock market [...]Read More >

October 30, 2020 By Steve Blumenthal “It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better,” Theodore Roosevelt explained.  “The credit belongs to the man who is actually in the arena, whose face is marred by [...]Read More >

October 16, 2020 By Steve Blumenthal “The 60% stock / 40% bond portfolio is largely a relic of the past, with alternatives likely to become a bigger portion of investors’ portfolios over the next decade, asset management chiefs said during a panel discussion at the Milken Global Institute [...]Read More >

October 9, 2020 By Steve Blumenthal "I find it funny that people who didn’t think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970’s, which was a pretty dismal period, and not just because of polyester and disco." - Barry Ritholtz [...]Read More >

October 2, 2020 By Steve Blumenthal “Because what most people and their countries want the most is wealth and power, and because money and credit are the biggest single influence on how wealth and power rise and decline, if you don’t understand how money and credit work, you can’t understand [...]Read More >

September 25, 2020 By Steve Blumenthal “Anyone who looked only at the index of prices would see no reason to suspect any material degree of inflation, whilst anyone who looked at the total volume of bank credit and the prices of common stocks would have been convinced of the presence of an [...]Read More >