February 2012

Hewlett-Packard Continues to be Disrupted by Apple

by Glenn Busch February 24, 2012
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Tablets, by providing an easy and intuitive way of viewing documents are reducing our need to print. And by increasing demand for ebooks, digital magazines, and digital newspapers tablets are reducing commercial printing demand too. As The Financial Times reports, printing is in danger of no longer being the cash cow it once was for Hewlett-Packard (HPQ).

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Dow 15,000? Let’s Hope So…

by Gabriel Wisdom February 22, 2012
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Be wary of predictions, both because they are everywhere, and because they are usually wrong. In today’s hyper-connected, information-driven world, we are bombarded with predictions of every color and stripe. They come at us from all angles, from sports to Oscar nominees and projections and polls on political races. The world of finance is no exception in this breathless dash to proclaim what is going to happen long before it actually occurs. I’ve made many market forecasts over the years, and I’m grateful when people recall only the good ones.

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The 16 Golden Rules of Investing

by Glenn Busch February 17, 2012
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Walter Schloss, Warren Buffett’s former officemate at the Graham-Newman partnership, is one of the lesser known heros of value investing. After leaving Benjamin Graham’s firm Mr. Schloss started his own hedge fund where he generated compounded annual returns of over 15% for more than five decades. Late in his investing career Walter typed out his 16 rules for investment success. Frank Voisin of Frankly Speaking has reposted Walter’s 16 rules.

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Covered Call Trades on ConocoPhillips and Eli Lilly in our Enhanced Dividend Income Portfolio

by Glenn Busch February 6, 2012
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The end of 2011 provided a lot of opportunities to sell covered calls against our oil and energy positions. We already sold one covered call against our ConocoPhillips (COP) position that expired worthless in November of 2011 and in January of this year we had another one.

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