From Bill Bonner, chairman Bonner & Partners: “In the short run,” says billionaire investor Warren Buffett, “the stock market is a voting machine. In the long run, it’s a weighing machine.” Put another way, in the short run, the stock market responds to myths and fads. In the long run, these give way to facts. […]
Editor’s Note: Longtime Daily readers know one of PBRG’s most important missions is to provide safe “income in an incomeless world.” In September’s issue of The Palm Beach Letter, we hit absolute pay dirt… It’s a safe (collateralized), off-Wall Street, little-known investment vehicle that not 1 in 100 investors understands: tax liens (and tax deeds). So today, we sit down […]
From Mark Ford, founder, Palm Beach Research Group: With a net worth of $66 billion, Warren Buffett is the second-richest man in America. Most people know Buffett as a great investor. Why? Early in his investing career, he realized that there were certain businesses that had strategic advantages—advantages that allowed them to continue to grow […]
From Teeka Tiwari, editor, The Palm Beach Letter: On a cold and rainy October day in 1971, Ray Tomlinson sent the first ever email. At the time, he didn’t think much of it. Nobody told him to do it… He just thought it was neat. Tomlinson was a programmer working on a secret government project […]
Editor’s Note: Below we share the most valuable wealth-building insights we’ve found over the last week. We also offer you the chance to peruse the best-selling services in our industry. $ Famous Billionaire Talks New Social Program: “We’re doing something the world hasn’t seen.” In Europe, it’s already producing disturbing results… Now, an economist says the […]
From Chris Mayer, chief investment strategist, Bonner & Partners: Edgar Wachenheim is one of the best investors you’ve never heard of. He keeps a low profile, but his track record is outstanding… Wachenheim is the chairman and chief portfolio manager of New York’s Greenhaven Associates. The firm manages about $5.5 billion. And over the past […]
From Bill Bonner, chairman, Bonner & Partners: It’s back to Europe. Back to school. Back to work. Let’s begin by bringing new readers into the discussion… and by reminding old readers (and ourselves) where we stand. Small and Lonely Group As a Diary reader, you join a small and lonely group. But we know something […]