You’ve probably heard about the college admission scandal rocking Hollywood and other elite social circles. But do you know the story behind the story? That is—how authorities were tipped off in the first place?
The story I’m referring to is a stock market story, and it begins with a man named Morrie Tobin.
In the spring of 2018, federal agents descended upon Mr. Tobin’s home in Hanover Park, an affluent Los Angeles...
I was recently speaking with a friend about investments. At one point, he disclosed he didn’t have much liquidity. When I asked why, he said it was because he invested several million dollars in McLarens and Patek Philippe watches.
I thought he was kidding, but he was totally serious.
After we talked more and I did a little research, I gained a greater appreciation for the role hard assets play in certain folks’ portfolios.
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Utilities and REITs are two sectors our firm is overweight in 2019. I recently granted an interview with Bottom Line Inc. to share a few of my ideas in these areas, which you can read by clicking here.
Six months ago, there was a record short position in U.S. treasury bonds. We took the other side of that trade, effectively, based on...
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