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"Those who understand interest -- earn it. Those who don't -- pay it."


Recently, a reader mentioned a strong interested in utility stocks. In particular, the prospects of Consolidated Edison (ED) as an investment choice. The following are my thoughts:

For an apples-to-apples comparison, I would probably consider Southern Company (SO) instead of ED. Southern is "only" 19% above the low as compared with ED at 30% above the low.... read more

Posted on 12:43, November 29, 2009

I would like to express a few thoughts upon reading Richard Russell's July 24, 2009 observations which you have quoted in your blog, and in particular related to his following words:

"....for a long time I believed that the best way to avoid the 'being wrong' problem was compounding. Compounding worked wonderfully for years after WW II, until... read more

Posted on 18:57, November 27, 2009

The following is drawn from Richard Russell's Dow Theory Letters (858-454-0481) daily remarks on July 24, 2009:

"A lot of advisors can give you a list of stocks to buy, but very few can tell you how to manage your money. One of the keys to making and keeping money has to do with risk. The key to risk was presented by the great philosopher,... read more

Posted on 11:52, November 27, 2009
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