My overall trend reading was down from July. Investors are feeling a little too comfortable in this stock market. Yes, the economy looks good, but this bull market is long in the tooth. Now would be an excellent time to look for defensive stocks for your portfolio. “Valuation concerns have already crept into the market, some investors said, as defensive stocks that tend to post lower growth than companies like Amazon and Facebook have outperformed,” reports the WSJ. “The top five performing S&P 500 sectors the past three months are all defensive, Bank of America Merrill Lynch said in a … [Read more...]
Corporations Shower Right-to-Work Kentucky with Investment
Most companies looking to invest their dollars in new production facilities simply aren't willing to risk the inefficiencies and disruption caused by forced unionism, and so they build in Right-to-Work states. Kentucky, says Craig Bouchard, CEO of Braidy Industries, wasn't even on the company's list of possible destinations until it enacted a Right-to-Work law last year. Since then Braidy has begun construction on a $1.5 billion mill that will employ 600 people producing aluminum for the aerospace, defense, and automotive industries. The National Right to Work Committee, which pushed for … [Read more...]
Why Are Investors Buying a Hedge Fund Strategy that Isn’t Working?
Despite evidence that the strategy isn't working today, investors have plowed $300 billion into hedge funds using "trend-following." Laurence Fletcher writes about the phenomenon at The Wall Street Journal: Performance among the roughly $300 billion in hedge funds that largely use so-called trend-following strategies has been abysmal. An investor buying into these funds at the start of 2011, for instance, and holding through July this year would have lost 3.4% on average, according to HFR. Over the same period the S&P 500 is up 124%. “It’s like a lot of industries,” said Matthew … [Read more...]
My Favorite Book this Summer: The Killer Angels
Recommendations can be tricky today. With so much to watch on Netflix alone, it’s hard to know which recommendations from friends and relatives to watch first. Then there are recommendations for books. "E.J. you have to read The Killer Angels," a friend expressed in a way I knew I had to read it. I’m glad I did, and I appreciate Ken Burns' quote on the on the back cover saying it changed his life. I’ve been hooked on the Civil War for the last three months now, and want to share with you a wonderful summary of how Michael Shaara’s book captures the heartbreak of it all. Shaara’s son Jeff … [Read more...]
Your Retirement Life: Fishing Block Island
It’s hard to beat the striped bass fishing off Block Island. In this video you see the voyage from Newport, RI to the Block for some late Summer striped bass fishing. Don Smith explains more about fishing around Block Island at On The Water: Block Island earned its reputation as a legendary striper-fishing destination many years ago. These days, her waters draw numerous charter boats and recreational fishermen, who troll, jig and drift for stripers. At the height of the season, it’s not unusual to see a hundred boats working the waters near Southwest Ledge at one time. Once the sun … [Read more...]
What is the NRA?
The NRA is America's largest gun rights organization, and does more than any group to protect the Second Amendment. I'm a lifetime member. If you would like to support the NRA here's a bit about how. WHAT IS THE NRA? The NRA is America’s preeminent gun rights organization, made up of nearly five million members. Together, we fight and win the toughest battles for the Second Amendment, all while offering the best firearms educational programs in the country. Every day, the NRA fights back against politicians, judges, and bureaucrats who want to regulate, restrict, and ultimately, destroy … [Read more...]
How Bad Bosses Get it Wrong, and How to Escape Them
Robert Cross, a professor of leadership at my alma mater, Babson College was recently quoted in The Wall Street Journal with some great advice on escaping "collaborative overload," in other words, too many shared projects at work. The projects demand meetings, conference calls and endless emails, but leave little time for actually getting work done. Lauren Weber and Lynn Cook report on Cross's view of the problem here: People with deeply rooted identities as high-performing workers are especially susceptible to collaborative overload, says Rob Cross, a professor of leadership at Babson … [Read more...]
Cato’s Freedom in the 50 States Ranking
The Cato Institute has released its much anticipated Freedom in the 50 States ranking. Scoring best of all fifty states was Florida. The researchers who put together the scores highlighted Florida's lack of an individual income tax and the Sunshine State's economic freedom as its top draws. Here's what they wrote about Florida: Lacking an individual income tax and featuring a hot climate, Florida has long enjoyed substantial migration of well-off retirees. But as we’ve noted in the past, the state attracts more than seniors, as others vote with their feet for good weather and the increased … [Read more...]
Africa Still Great in the Summer of ’18
Toto’s late drummer Jeff Porcaro was a genius at setting a groove—he’s the backbone for the song Africa—as I wrote to you in 2011. This Summer, Weezer’s cover of Africa has hit its stride. I love how drummer Pat Wilson interprets Porcaro’s groove and makes it his own. Enjoy. … [Read more...]
Escape NYC, Go to Margaritaville
One thing I’ll never forget about our trip to NYC this year was the credit card bill a few weeks later. NYC ain’t cheap. Don’t get me wrong, it was an awesome trip, but I’m hardly surprised by this article on plummeting luxury apartment sales. "When the luxury market slowdown began in 2016, brokers blamed it on political uncertainty.” reports the WSJ. "More recently they said buyers were hesitating because of federal tax changes that may increase the cost of home ownership and reduce the deductibility of New York’s relatively high tax burdens." Yes I'm disappointed to see that Jimmy … [Read more...]
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