Investing Strategies

Geothermal Frustration, Part II

Jul 24th, 2009 | By | Category: Energy, Featured, Investing Strategies
Yesterday in Part I, I discussed how the publicly traded geothermal companies are not delivering what we hoped for as returns. I described how geothermal power is the beneficiary of a lot of government benefits, from renewable-energy mandates to tax breaks. Thus, the geothermal companies (including five companies in the ESI ...read more


Taxing Tobacco

Jun 10th, 2009 | By | Category: Featured, Investing Strategies, Personal Liberties
The great financial minds in Washington are at it again, starting another war.  As usual, it is "for our own good" and will make twenty-eight per cent. of the adult population miserable while destroying a large industry and reducing tax revenues sharply.  Does legislation get any better than that? This time ...read more


Fear, Lust and That 1930s Feeling

Mar 16th, 2009 | By | Category: Featured, Investing Strategies
I’ve had this ongoing project of reading as much as I can about the 1930s and the Great Depression. I favor the first-person accounts, stuff written by people who were there -- like Damon Runyon. Some of his early stories written in the 1930s reflect on the mood of the era. ...read more


Stem Cells, Obama and the Austrians

Mar 12th, 2009 | By | Category: Featured, Investing Strategies, Macro Economics, Technology
As I predicted, the president lifted the funding ban on embryonic stem cells.  First, though, please indulge a rant... "It's not the lie. It's the coverup" is the old political adage. Usually, in politics, it's much better to admit a mistake and move on. I wish to heaven we could learn that ...read more


Inside The Obama Huddle: Housing, Banking, Life and Crisis

Jan 28th, 2009 | By | Category: Featured, Investing Strategies, Macro Economics, Politics
The Inauguration is over. It’s PRESIDENT Obama now. So let’s get back to work. What can we discern about the incoming Obama administration? I had a long talk with an old friend who is a self-described “rabid Democrat.” Let me rephrase that. He’s a rabid Democrat in the way that Pittsburgh ...read more


Risk-Taking Traders Born Not Made

Jan 23rd, 2009 | By | Category: Featured, Investing Strategies
A recent dispatch from the Proceedings of the National Academy of Sciences didn’t give us the next big development in stem cell therapies.  It didn’t tell us how the car of 2020 will be powered.  Instead, John Coates and his team of Cambridge researchers turned the powerful lens of science ...read more


Falling Prices and Scarce Energy

Dec 16th, 2008 | By | Category: Featured, Gold, Investing Strategies, Macro Economics, Oil
Lately I’ve been discussing concept of scarcity in the energy and natural resource sectors. In one recent note, I discussed how the idea of scarcity has transformed from a “geological” basis to an “above ground” basis. In another note I discussed how the financial system of the world has broken ...read more


Seeking Alfalfa

Nov 24th, 2008 | By | Category: Commodities, Economics, Energy, Featured, Gold, Investing Strategies
“Well, God knows you don’t need any brains to buck barley bags...” — John Steinbeck, Of Mice and Men (1937) Alpha used to be what hedge-fund managers promised their clients. Better still, portable alpha — defined in the easy bed-time reading of finance MBAs as the “generation of excess return over a benchmark ...read more


DRIP Investing

Nov 17th, 2008 | By | Category: Investing Strategies
There has never been a better time than right now to buy stocks. I know what you’re thinking — it sounds strange considering the enormous volatility in the market. But, I’m not talking about just any old stocks. I’m talking about stocks that produce real income. In these manic times, you ...read more


The Market’s Unintended Opportunity

Nov 11th, 2008 | By | Category: Featured, Gold, Investing Strategies, Macro Economics, Oil
If you’re sick of the gloom and doom permeating markets right now, you can find solace in one investment… Well, it’s actually a type of investment. I’m not talking about options or shorting or even bonds. We still like to buy low and sell high, but we also like our ...read more