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What is causing the market volatility? 

Following a remarkable rise in stock prices up until February 19, the rapid spread of a new coronavirus strain (Covid-19) suddenly threatened to disrupt the production of goods and services and to push the world into a recession....

The Question

Elizabeth Warren has vowed to ban all hydraulic fracturing, or fracking, in the United States.  Bernie Sanders also favors that proposal, while Joe Biden opposes it.  What are the potential implications for energy-related investments such as Master Limited...

We want to thank the wonderful devotees of Vrajdham Temple in Parsippany, NJ for hosting our wealth management seminar!  We were glad to provide insights into financial & investment planning that will help members for years to come.  We look forward to continuing our r...

Longstanding baseball fans fondly remember Hall of Fame pitcher Phil Niekro.  The great knuckleballer had a strong motivation for making it as a pro, since the alternative was going to work in the coalfields like his father. When a Milwaukee Braves scout expressed inte...

Bloomberg Opinion contributor Barry Ritholtz recently tweeted about his dislike of financial clichés that reflect badly on the speaker and disrespect the listener.  His Twitter followers responded with more than 500 examples of “hackneyed phrases” that can lead investo...

• Politics and profit taking are souring the sentiment towards the healthcare sector

• Drug transparency legislation is unlikely to affect long-term profitability 

• “Medicare-for-all” sounds good but is highly unlikely to ever become reality in the US

• Rec...

Investors are frequently reminded that they should only invest “long-term”. The natural question that arises is: why? If you, like us, believe in data and evidence, here’s your answer.

Look at the post-World War II (in our opinion the correct time frame to analyze long-...

On February 22, 2019, Martin Fridson was interviewed by Jeremy Schwartz on the podcast "Behind the Markets" (Wharton Business Radio).

"High Yield is very expensive .. trading at over two standard deviations from fair value ... This is extreme and unusual."

"Outstanding s...

Cash is back in style.

Money-market funds saw their assets grow by $2 billion in between year-end and January 17, 2019 according to Thomson Reuters Lipper.  Cash allocations in investment portfolios are up for the first time since 2011, Goldman Sachs reports.  The Wall...

The sharp market sell-off at the end of 2018 and equally remarkable rebound in January 2019 may be very confusing.

Are we heading towards a bear market or was 2018 just a temporary correction?

Read our take in our annual letter,  "Landlord or Tenant?", and see what...