Once again we are experiencing a period of market declines. Not easy, especially when you know that your portfolio is composed of shares of high-quality companies that trade deeply below their fair price, both absolute…
The last time (and only since the launch of the portfolio in 2004) that we saw a negative annual return in the portfolio was in 2008 (the portfolio went down 16.5%, much less than the…
This is already a regular ritual – BNED publishes reasonable annual (or quarterly) results, but the stock actually crashes 11% two days in a row. What’s interesting is that yesterday the stock opened up more…
According to the Russian administration’s decision in April, all shares of Russian companies traded on stock exchanges outside the US must be delisted. The deadline for that seems to be August 3rd, thus if you…
Jerash Holding (JRSH) is a Jordanian overlooked micro-cap clothing manufacturer (market cap of $68 million based on the share price of $6), which trades on the NASDAQ, grows consistently, loaded with cash, and probably worth…
2020 was a very challenging year. It opened with the outbreak of the corona in February, which knocked the markets down 35%. Fortunately, the portfolio had a strong cash balance at this time, so I…
Many predict that the global economy is headed into a recession but stock prices are flying up. how is it possible? Well, the global economy is indeed looking depressed due to the Corona lockdown, Except…
After a 35% collapse from its mid-February high, the stock market suddenly changed direction and rose more than 20%. US indices are still about 19% below their peak, but why stocks are rising when people…
Just two weeks ago the Fed declared that interest rates will not change in 2020, but yesterday he surprised everyone and cut rates by 0.5%. He said that the fundamentals of the US economy remained…
In this review, I’ll present the highlights of what I said at the annual meeting of the service that held last week in Tel Aviv. * * * Five years ago, when you bought a…