The U.S. just had one of its worst days of COVID-19 deaths since April, 56 million Americans have filed for unemployment and the presidential election is less than three months away. At the same time,…
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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…
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 following review summarizes the main points I presented at the members’ annual conference that took place last week in Tel Aviv (ISRAEL). I hope to start holding an annual conference in the US as…
Inexperienced, shortsighted investors are afraid of the market collapse, sell their stocks and lose money, while smart, long-term investors, see this collapse as a unique opportunity to buy stocks at deep undervaluations and make tons…
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…
In the past few weeks, we have seen the markets shaking a little stronger than what we have seen in recent years (in Europe, by the way, the declines have been going on for several…