Introduction . I have seen several headlines to the tune, “Markets Deliver a Lump of Coal for Christmas.” However, if you have been following Coach Investing articles, you will have expected a sell off given the slowdown, overexcitement about technology stocks, high valuation, and the late cycle nature of the… Continue reading
Introduction . Currency movements drive, and are driven by, economic conditions, and have become more important due to globalization. Given the current and looming trade wars, it is not surprising that Google web search for the dollar is at an all-time high (figure 1), and the dollar has risen strongly… Continue reading
Introduction . Too many people are riding the bitcoin roller coaster blind. Owning an asset and not fully understanding its worth, or even attempting to determine its worth, and risks is like riding a roller coaster blind. You only know if you are going up or down as you feel… Continue reading
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Introduction . The median P/E (excluding negative earnings companies) of the top 20% of US stocks greater than or equal to $200 million market cap is 69 compared with the bottom 20% which is at 12. This 58 P/E point spread is higher than the historic average of 50 since… Continue reading
