Fear crippled many during last week’s market swoon. But Warren Buffett got greedy… Business Insider reports the world’s second-richest man invested $4.5 billion in titan oil refiner Phillips 66 (NYSE: PSX). He pounced on the market’s weakness to pile into his position. Buffett now owns almost 58 million PSX shares. That’s about 10% of the […]
From Mark Ford, editor, Creating Wealth: If you want to be your best in business, you must be a good writer. By good, I don’t mean crafty or artful. I mean clear and persuasive. For our purposes, writing is a means to an end. The end is (1) the clear expression of an important idea […]
Editor’s Note: China’s stock market continued to crash last week. In the U.S., the Dow Jones industrial average opened Monday to a 1,000-point decline. Investors are worried about another 2008-type crisis, or worse. In the piece below, Casey Research Editor-in-Chief Brian Hunt reveals what investors can do to keep themselves safe, no matter what happens […]
If there’s one theme we’ve driven home this week, it’s this: Don’t panic. Snap decisions made from fear (or greed) never end well. Here’s a little levity on market irrationality to help drive this home…
From Teeka Tiwari, editor, Jump Point Trader: A lot of (digital) ink has been spilled over the idea that dropping commodity prices are foretelling a worldwide recession. It seems plausible. But does it hold up to historical scrutiny? Our research suggests it doesn’t. Three of the last four commodity collapses have happened in the middle […]
Anxious, panicked, angry customers jammed the brokerage house phone lines for days. I’d been on hold for 45 minutes. So, my perspective on the market caught her off guard… “You’re the only person I’ve talked to who’s glad the market’s falling.” That’s what the Fidelity customer service representative told me yesterday. I’d called to ready […]
From Tom Dyson, publisher, Palm Beach Research Group: Turbulent markets like this can feel unsettling. I want to stay extra close to our members at this time. As I wrote in yesterday’s email to our Infinity subscribers, I’m trying something new all week long. I’ll be holding live video presentations every day. With this live-streaming […]