Nov 1, 2003
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| FRONT PAGE |
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In Praise of Predictability
Lately many money managers have been devouring Michael Lewis's bestseller Moneyball: The Art of Winning an Unfair Game, detailing the remarkable success of the Oakland A's under general manager Billy Bean. As baseball fans know, under Bean the A's have consistently ranked near the top of the sport.
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| BACK PAGE |
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Asset Allocation: An Unconventional View
It's standard advice. If you're 40 years old, your portfolio should be 60 percent stocks and 40 percent fixed income (bonds and cash). For each year past 40, subtract one percentage point from stocks and add it to bonds. Thus, when you're 70, you should be 30 percent in stocks and 70 percent in fixed income.
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| SECTOR SENSE |
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What's in Warren's Wallet?
In our lead article this issue, we look at "market dominators" -- companies with an overwhelmingly strong grip on their market -- and argue they offer one of the surest paths to investment success. What better proof than the record of the legendary Warren Buffett?
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| FAST TRACK |
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Taking a Chance on Chips
The prices of most stocks discount the future. But some exceptions sneak through. If you can find a company that trades at a discount to today's market and that also has tremendous potential for future growth, you've hit the jackpot. Basically you're getting tomorrow's growth for free.
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| INCOME PORTFOLIO |
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To Protect and Insure
Our Income Portfolio is built mostly around utilities, REITs, and a selection of fixed-income funds. This issue we are adding something new -- two convertible preferred stocks. Convertibles provide steady income in the form of reliable dividend payments.
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| GROWTH PORTFOLIO |
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Oil and Defense: You Can't Have One Without the Other
Last month several Wall Street firms lowered their ratings on the defense industry. They argued growth in defense spending will soon slow and that by around 2006 spending actually will decline. Given this scenario, they projected slumping profits for military contractors.
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| FULL ISSUE PDF |
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Complete Issue PDF
Complete Issue PDF…
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