Blog

June 14, 2013
June 14, 2013
"The great traders that I’ve known would joke about how their emotions would push them to do the wrong thing.  Admitting that part of your brain is working against you is not a sign of weakness—it’s the first step towards really doing well in financial markets." -TERRY BURNHAM, author of Mean Markets and Lizard Brains: […]
By: Evergreen Gavekal
Read This >>
June 7, 2013
June 7, 2013
"If you are not confused about the economy, you don’t understand it very well."  -CHARLIE MUNGER, Warren Buffett’s sidekick at this year’s Berkshire Hathaway shareholders meeting. POINTS TO PONDER 1.  The most recent addition to the growing list of important asset classes that have been slammed of late is the bond market.  In fact, the […]
By: Evergreen Gavekal
Read This >>
May 31, 2013
May 31, 2013
"Just because a reversal of something unsustainable hasn’t happened yet, doesn’t mean it won’t." -SUPER INVESTOR, SETH KLARMAN There they go again! Don’t get me wrong—I’m a regular reader and avid admirer of The Economist.  It has a uniquely global perspective but whoever chooses its cover graphics does have quite the knack for star-crossed timing.   […]
By: Evergreen Gavekal
Read This >>
May 24, 2013
May 24, 2013
"I worry about the effects on the long-run stability of our financial system if the Fed attempts to substitute its judgment for those of the market.  Such a regime would only increase the unhealthy tendency of investors to pay more attention to policymakers’ attitudes than to the economic fundamentals."  -BEN BERNANKE, October 15, 2002, one […]
By: Evergreen Gavekal
Read This >>
April 12, 2013
April 12, 2013
"Inflation is a more fundamental danger than speculative investment.  Some countries seem to be in the unusual situation where they are trying to create inflation. They will come to regret that."  -PAUL VOLCKER, FORMER FED CHAIRMAN, IN A RECENT INTERVIEW POINTS TO PONDER 1.  One of last week’s big news items was the stunning announcement […]
By: Evergreen Gavekal
Read This >>
April 5, 2013
April 5, 2013
"After a large number of snowflakes accumulate, a snow cap builds on a mountain.  At some point, a single additional snowflake creates an avalanche."  -STEPHANE DEO, GLOBAL HEAD OF ASSET ALLOCATION AT UBS, REFERRING TO THE LATEST EUROPEAN BANKING CRISIS A desirable divorce and a questionable coronation? Charles and Louis Gave are one of the […]
By: Evergreen Gavekal
Read This >>
August 3, 2012
August 3, 2012
"Where is the wisdom we have lost in knowledge and where is the knowledge we have lost in information."  -T. S. ELIOT Let there be hope. Hope is one of the simplest yet most comforting words in the English language, at least when it comes to the real deal.  This is in vivid contrast to […]
By: Evergreen Gavekal
Read This >>
March 23, 2012
March 23, 2012
"Reality is that which, when you stop believing in it, doesn’t go away." -PHILIP K. DICK, AMERICAN NOVELIST (BLADE RUNNER, TOTAL RECALL, MINORITY REPORT) POINTS TO PONDER Send your checks or money orders now. Stocks are not alone in climbing lofty peaks lately.  Last week, I spent a couple of days skiing with one of […]
By: Evergreen Gavekal
Read This >>
January 27, 2012
January 27, 2012
“When all the experts and forecasts agree, something else is going happen.” -ACCLAIMED MARKET TECHNICIAN, BOB FARRELL Where have all the risks gone?   In the far distant past, like around last Thanksgiving, the world’s sundry problems were weighing heavily on investors’ minds.  Now, some two months later, all seems forgiven if not quite forgotten   For […]
By: Evergreen Gavekal
Read This >>
January 20, 2012
January 20, 2012
“The problem with socialism is that eventually you run out of other people’s money.” - MARGARET THATCHER Special Message: In support of our ongoing effort to grow EVA readership, ECM is initiating a contest among our readers to see who can refer the most new EVA subscribers. Every month the reader with the most referrals […]
By: Evergreen Gavekal
Read This >>
  • Categories