Holiday Stress,Books and Profitable Inactivity

December is rolling along, and we are edging ever closer to the Holiday. I am starting to talk to some folks who are in a dead panic about what to get from old Uncle Fred or Joe in the office for Christmas this year. I find it somewhat silly that we celebrate what was originally a pagan holiday to have one last party before the worst of winter set in has become the biggest shopping season of the year and pretty much keeps retail alive in the developed world. The Catholic Church adopted the winter celebration of Christmas to keep newly converted pagans in the fold. The December blowout was the chance to get in on the last party before winter, what with its hungry wolves, low food supplies and snowstorms bought a good chance that some of you would not be for the big Spring blowout and the pagans wisely refused to give up the good times.

Today wolves are pretty much banished to a few remote part of the country and what with grocery stores and furnaces Winter is nowhere near as life threatening as before. In spite of that, we still refuse to give up the party. Now, I hate winter as much, if not more than the next guy. Winter is one the big reasons I live in Florida. I love a good party, and we have a big one every Christmas Eve. However one of the smartest decisions we ever made was to stop the gift exchange between adults. We are very fortunate in that most of our family and circle of friends is doing pretty well in life and if we need or want something during the year, we buy it. This one decision took 90% of the stress out of the holidays. We ...

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Risks, Real Estate and Reality

After a two week hiatus, I am back with my regular weekly ramblings and ruminations on markets and anything else that strikes my fancy. One week was missed due to Thanksgiving of course but the week prior my wife ha ...

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Forecasts, Small Banks and Hot Stoves

Once again the forecasters got it all wrong. Hillary was supposed to win a huge Electoral College victory, and stocks would rally on the continuation of the status quo. If a miracle happened and Trump won, we would see a ...

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Bankers, Memories and Winter is Coming

While everyone else is trying to trade around earnings season I find it far more valuable to sit back, relax and read what the people running the business say about their company. I find this particularly useful when it comes ...

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Real Estate, World War III and the Chicago Cubs

Just to mix things up a bit this week I will send out my weekly piece on Wednesday instead of Thursday. Tomorrow I will be hoping on a plane to fly to Chicago as my daughter and her husband have ...

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Debates, Fantasy Land and the Whipping Post

The debate had been over for about a hot minute last night when I started getting the “Stocks to buy for a Clinton Presidency” started to hit my email inbox. Today I got several “Stocks to buy for Trump Presidency” ...

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A Dangerous World, the New Normal and Literary Anticipation

It's getting a little scary out there. The US and Russia are flirting with armed conflict in Syria, and there is shooting in Yemen today as the US took out some Yemeni coastal radar sites after they fired missiles at ...

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Banks , REITs and Big Storms

It has been an interesting past couple of days with the wildcard games both coming to exciting, albeit heartbreaking conclusions. If the rest of the playoffs have the same quality of play, this year will be something special to watch. ...

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Yield Seeking, Adult Toys and Chinese Birth Rates

It has been a busy two weeks around Chez Melvin since I last sent out a Thursday note. Between the trip to Atlanta for the FIG Bank Conference and the weekend venture down to Sanibel for our anniversary, I was ...

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Time Frames, Dangers and Economic Obstacles

I will kick off this week with some highlights from the Delivering Alpha Conference this week. A lot of smart people spoke this year, and they said a lot of things worth considering. I really liked what Marc Lasry of ...

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Recreational Reading, Morons and Semi-Degenerate Gamblers

The week has been a fairly quiet one. The Orioles have played their way back into contention dn are only a game and a half back of the division leading Red Sox. We have a weekend series with the Tigers ...

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Recreational Reading, Morons and Semi-Degenerate Gamblers

The week has been a fairly quiet one. The Orioles have played their way back into contention dn are only a game and a half back of the division leading Red Sox. We have a weekend series with the Tigers ...

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