Global equity markets are churning with fear… Last week, China devalued its currency, the yuan, by 2% in one day. The Chinese government hopes this will spur exports and jump-start economic growth. Every U.S. dollar now buys 2% more Chinese goods than before the move. But this also means China’s growing middle class—hundreds of millions […]
From Mark Ford, editor, Creating Wealth: Bureaucrats can be mean-spirited, but usually they are overly enthusiastic organizers who lose sight of their roles in the business. Office politicians, on the other hand, are far worse. They are people who harbor very bad and destructive ideas about how to get ahead. If you don’t root them […]
Editor’s Note: Back in June, we shared a short video from our longtime friend, best-selling author, and “serial entrepreneur,” James Altucher. In it, he detailed how investing in a 401(k) is a complete waste of money. It struck a nerve… we received a boatload of letters railing against the idea. That tells us he may […]
Editor’s Note: Today’s special Daily begins in the mailbag. Tom addresses some major concerns our subscribers are sharing. It’s a must-read issue… From Richard B.: Financial advisors, politicians like Ron Paul, and others are all painting a doom-and-gloom picture. Frankly, I find it a bit unsettling… And with no real follow-up from PBRG, I begin […]
If you read financial writing for any length of time, the jargon and acronyms will overwhelm you. Consider the many tools used to value a business: P/E ratios, enterprise value (EV), free cash flow (FCF)… The list is endless (and confusing). In the piece below, Mark shares his real-world, commonsense method for evaluating businesses. Use […]
In yesterday’s Daily, we shared direct personal insight from PBRG’s founder and publisher, Tom Dyson. He shared his greatest investment lesson. Today, we delve into Tom’s greatest investment success… What’s your biggest personal success as an investor? From Tom Dyson, publisher, Palm Beach Research Group: My greatest “investment” success was really as a speculator… I […]
Most PBRG readers know Tom Dyson is our founder and publisher. What many people may not know is Tom has taken an extraordinary path to reach this role… Over the next days and weeks in the Daily, I’ll “pull back the curtain” to reveal some key insights about Tom and his unique view of the […]