The Value of Diversification

When I list “full diversification” as a core component of Mariposa’s investment strategy, what does that really mean? What’s the point of diversification?

Stock Market Predictions Using Q

Last month, we used the P/E ratio to predict stock market performance over next 1 to 20 years. This time, let’s try using another valuation metric: the Q ratio. An […]

Predicting the Stock Market Using P/E

From the November 2010 newsletter: As the year comes to a close, you will without a doubt see financial magazines and newspapers predicting what the markets will do in 2011 […]

Stock Market Experts of the 1930s

If you have even the slightest interest in investing, you probably notice stock market experts everywhere, whether they appear on CNBC, write for newspapers or blogs, or even serve as […]

Are Morningstar Ratings Useful?

From the August 2010 newsletter: The financial industry certainly places more emphasis on style than substance. So when their work is actually evaluated, it tends to be disappointing. Wall Street’s […]