thisbusiness

Why Joel Greenblatt's 'Magic Formula' Outperforms, and How to Do Even Better

I agree that this article is cherry picking data. It appears to be an advertisement for an enhanced MFI which I don't need.

The question is, how did MFI do compared to the overall market in 2008. I stopped investing in MFI stocks as 2008 fell apart, but I did kep a watch portfolio, adding the five most beat up small cap stocks each month. It was only down about 20% at the end of the year--compared to the market's 40+% negative returns.

However, my returns are based on adding money each month, so this is not a fair comparison either.

Wake Up America, You’re Sinking

Anti immigrant (racist) whack jobs never make any sense to me, especially from an economic perspective. But that's because their arguments are only foils for racism.

Immigrants, documented or not, bring a sorely needed work ethic (how many teenagers do you see out there willing to work hard? Some of course but most of them seem to want it handed to them), an infusion of fresh ideas and energy that over the next 100 years will help us reinvent ourselves (an American tradition), and finally...most of them are paying taxes to the US but won't ever collect Social Security--free money to the US tax payer.

So, next time you feel your racist leanings, at lest be honest about them and stop putting up the smoke screens of the goons down at the border doing vigilante violence.

The U.S. Dollar: A New Accord

Interesting take. I like how contrariness.