I recently performed an experiment on Excel to determine whether or not stocks follow a random walk That is, the probability of a stock moving up or down each day, is 50/50. And its price is independent of where it was the previous day. Note: This experiment was actually already done by Princeton and in … Read more Are Support and Resistance Levels Fake?
After catching up on Buffett dropping all airline stocks last week in this post, I decided to do a deeper dive into the airline industry. After all, whether with or without a crystal ball, one thing is for certain: In a normal world, we need airlines in order to function properly as an economy. Which … Read more LUV in the Time of Corona
For those of you who frequently visit Omaha for Buffett’s Annual Shareholders Meeting, this year was the first time it didn’t happen in person. Buffett did a virtual Q&A this year with Becky Quick instead of the traditional way where visitors would approach the microphone to ask questions. He also did not have his partner … Read more Warren Buffett’s 2020 Annual Shareholders Meeting
On Monday this week, the price of crude oil futures dipped into the negative for the first time in history. That’s right. Negative. Imagine going to a grocery store and seeing a price tag on an item for -$30.00. “What?? I’m getting paid to buy oil??” Now before you go thinking that this is an … Read more Get Paid to Buy Oil
In the book, The Millionaire Next Door, one of the lines that will always stand out to me is that how many of our friends and neighbors are secretly millionaires. This is because many of them have built up some sort of retirement savings plus they’ve gotten to the point where they’ve paid off almost … Read more Becoming a Millionaire By Investing