Economic Analysis

The Real Cost of Low-Fee Funds

Thoughts from the Frontline

October 19, 2018

Today, rather than tackle some big macroeconomic issue, we’ll go back to this letter’s roots and look at market timing and portfolio construction issues. I expect this will get both enthusiastic support and at the same time, make a number of readers uncomfortable—if not annoyed.

I Forbid You to Own this Popular Stock


October 15, 2018

Today we're BLACKLISTING an iconic American company.

Red Hot China Mailbag

Thoughts from the Frontline

October 12, 2018

An odd aspect of being a writer is you never know in advance what will excite readers. I’ve written letters I thought very provocative only to draw mostly yawns.

Catch Serial Killers. Unlock Secrets. Make 100% Gains.


October 8, 2018

Joseph DeAngelo murdered 12 innocent women. And for 44 years he got away with it.

The Trade Deficit Isn’t the Boogeyman

Thoughts from the Frontline

October 5, 2018

I have to confess something: I run a huge trade deficit. It’s not with China or Mexico, but with Amazon. I buy all sorts of goods from them and Jeff Bezos has yet to spend a penny with me. It’s just not fair.

The Most Disruptive Event of the Decade Is Here


October 1, 2018

Tens of billions of dollars are set to flow into this company over the next 3 years.

The Trump Trade War Recession?

Thoughts from the Frontline

September 28, 2018

“A conservative is someone who stands athwart history, yelling stop, at a time when no one is inclined to do so, or to have much patience with those who so urge it.”

William F. Buckley, Jr., 1955

China for the Trade Win?

Thoughts from the Frontline

September 21, 2018

With all the trade war talk, we all ask the obvious question: Who will win? President Trump says the US will win. Chinese business leaders say no, we will win. Free-traders on both sides say no one will win. Few stop to ask, “What does a ‘win’ look like?”

Why I’m Buying “Autopilot Stocks”… and You Should Too


September 20, 2018

Do you know many of America’s fastest-growing businesses are built on one key principle?

Chinese Growth Spurt

Thoughts from the Frontline

September 14, 2018

Economic reality isn’t black and white. At any given time, both good things and bad things are happening. Ignoring one side because it doesn’t fit your preferred outlook is an excellent way to go badly wrong.