Archive for August, 2008
The Young and Investless
A quick clarification of some common advice:
“You’re young, you can afford more risk.”
This statement has been uttered countless times by investment experts and, at heart, it’s very true. However, “more risk” does not imply that every new investor should consider…
29Aug2008 | Oxbury Research | 0 comments | ContinuedGlobal Investing Roundups
Lukoil Counts on Artic Find; Gourmet-Cookware Seller Burned by 2Q Results; FGIC Prolongs the Inevitable; Diageo’s Strong Sales; Lehman Bros. Plans Layoffs; Toyota’s 10 Million Goal Just Out of Reach
-Lukoil (OTC ADR: LUKOY), Russia’s second-largest oil producer said its new Artic…
29Aug2008 | Money Morning | 0 comments | ContinuedDiamonds in the Rough: Two Luxury Brands Ready to Shine
Luxury jeweler Tiffany & Co. (TIF) yesterday (Thursday) followed in the footsteps of other high-end brands when it announced strong fiscal second quarter results.
Tiffany’s net income increased to $80.8 million, or 63 cents per share, in the second quarter, up…
29Aug2008 | Money Morning | 0 comments | ContinuedColombia: Latin America’s Hidden Gem for Investors
I have to admit it: When it comes to investing in such emerging markets as Latin America, I’m generally a cynic.
It’s partly because of my experiences as a young banker there in 1979-82. But I’m just as troubled by the…
29Aug2008 | Money Morning | 0 comments | ContinuedInvesting in Africa
African Profits
Zanzibar, Dar es Salaam, Mombasa, Mogadishu, Mumbai, Mangalore…all trading cities along the fabled rim of the Indian Ocean. These eastern African cities thrived between the 12th and 18th centuries, with ships sailing in and out on monsoon winds. They…
29Aug2008 | The Penny Sleuth | 0 comments | ContinuedPeak Oil, Politics, and U.S. Energy Supply
Western nations - the U.S., in particular - are now experiencing the bow wave of a profound change in the current and future availability of oil. According to recently published data, oil output from all major Western oil companies is…
29Aug2008 | Energy and Oil | 0 comments | ContinuedInvesting in Innovators
Looking for the Innovators
While in Vienna last month, I grabbed hold of the international edition of The Wall Street Journal. Over a classic Viennese breakfast of coffee, a boiled egg and pastry, I stumbled across an interview with Ted Forstmann,…
29Aug2008 | Whiskey and Gunpowder | 0 comments | ContinuedWELCOME TO A TRILLION-DOLLAR DEFICIT, MR. PRESIDENT
If you are a typical citizen, you like deflation. You want your wages and investment income to stretch as far as possible. Falling prices, or rising purchasing power, are a sign of economic progress - the progress resulting from productivity…
29Aug2008 | Daily Reckoning | 0 comments | ContinuedSame Old Mistakes, Different Day
The Dow rose 89 points yesterday. Oil rose to $118…and has almost reached $119 this morning. The reason given for oil’s rise is a storm in the Caribbean, named Gustav, which threatens to shut down oil rigs in the Gulf…
29Aug2008 | Daily Reckoning | 0 comments | ContinuedThe Next Victim in the Banking Fiasco
A New Short Idea in the Banking Sector
“You know, you saw subprime go first, and then, on a slight lag, you saw home equity, and now in the lag, you’re seeing prime go. And it’s exactly the same loss factors.…
28Aug2008 | The Penny Sleuth | 0 comments | ContinuedBank Runs: History, Present, or Future
As many of you have probably figured out, this is a picture of a run on the American Union Bank in New York City during the Great Depression. A run on the bank occurs when depositors lose faith in the…
28Aug2008 | Oxbury Research | 0 comments | ContinuedChrysler Considers Sale of Gas-Guzzling Viper
With the U.S. auto market increasingly focused on practicality and fuel-efficiency, Chrysler LLC announced yesterday (Wednesday) it was entertaining offers for its Dodge Viper sports car.
“We have been approached by third parties who are interested in exploring future possibilities for Viper,”…
28Aug2008 | Money Morning | 0 comments | ContinuedThe Three Rules That Will Lead to Long-Term Profits
During a two-year stretch every 20 years or so, the Standard & Poor’s 500 Index can be expected to lose 35% or more of its value.
In 1974, according to research by Ibbotson Associates, that truism manifested itself as a 37.25%…
28Aug2008 | Money Morning | 0 comments | ContinuedNew Natural Gas Discoveries are a Boon for the U.S. Energy Sector
After declining for 15 years, U.S. natural gas production is finally on the rise, thanks to new technological developments that make it possible to draw large amounts of gas from deposits previously thought to be unreachable. An increase in natural…
28Aug2008 | Money Morning | 0 comments | ContinuedGlobal Investing Roundups
U.S. Bankruptcy Filings Soar; Japan’s Bankruptcy Jitters; Boeing Backs Down in Face of Strike; Quicksilver’s Ski Sale; Gustav Pushes Crude Higher; TiVo Swings to Profit; PetroChina Hurt by Subsidies; BP Ending Russian Venture
-In yet another indication of the weak economy,…
28Aug2008 | Money Morning | 0 comments | Continued
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