Fundamentals vs. Sentiment
Stocks are assets. The true value of any asset is simply the discounted value of all future cash flows. This holds true for stocks,...
Crumbling Pillars
The pillars of support preventing the overvalued euro from depreciating versus the U.S. dollar are quickly crumbling. On a purchasing power parity basis, our...
The Energy Equivalent Value of Wood
People who live in cold northern climates are likely to face stiff home heating oil bills this winter. If heating oil prices average $5...
International Investing & Taxes
Are you aware of the tax implications of international investing? When you invest in foreign securities, even those listed on U.S. exchanges, your investment...
Retirement Arithmetic
Are you planning an early retirement? We urge you to check out our retirement income arithmetic before you hurry off into the sunset. Let’s...