Innovation doesn’t inspire
Uncertainty abounds
After reading Alphaville’s alarmist appeal to readers to SELL: Insurers because of now widely reported fears for their solvency, I tweeted :
Right, that’s it. As of now, I have a strict policy, not to invest in any entity that invests…
A little dramatic perhaps. I’ve avoided insurance companies and banks for nearly a decade, not [...]
William Sinclair, a contrarian conundrum
Guilty of perverse optimism in the first degree
Some people see roses where everyone else sees dandelions or sense opportunity where others despair.
Although perverse optimism is part of being a value investor, it’s difficult to be optimistic about William Sinclair (SNCL). The company’s share price describes long-term decline and stagnation and its latest annual report1 reveals [...]
Keeping cool in the credit crisis
Yesterday Wiley, the book publisher, sent me a flyer entitled “Keep your Cool in the Credit Crisis”. It was promotional blurb on eight books that promise to help, including two from the ‘For Dummies’ range. The ‘b side’ lists eight ‘Crash Classics’. When publishers bring out ‘Credit Crunch for Dummies’ books*1 and ‘best of’ compilations [...]
