A Journal of Independent Research, Analysis, Opinion and Insight
WOWS Full Issue (60 pages) 11/17/23 4:26 PM Attention Paid-Up Subscribers: To read or print the entire current issue as a single document, use the "easyprint" feature in the "Nav bar" to the right to open it, or any of WOWS' individual features, as an Adobe PDF file, and then print it. Alternatively, you can click "more" at the bottom of this paragraph and then click the red Adobe icon that appears. Your second click will download the full issue .pdf file of WOWS' latest issue to your computer, a process that -- depending on the file size and your connection speed -- might take more than the blink of an eye. Then, depending on preferences you've set on your device, it will either open automatically or show up in your downloads folder, waiting to be opened. [More]
If there’s one quality esteemed Wall Street investment advisor and economist A. Gary Shilling possesses that has long set him apart from the pack, it’s a kind of preternatural patience — combined with the wry wit of a keen and discerning intellect confident in the depth and breadth of his expertise. He’s not the sort of fellow who gives a darn about popular consensus; he calls them as he sees them. And his resume demonstrates a pretty singular willingness to pay the price. [More]
here are many ways to define quality companies. GMO’s focus in quality investing for 40-plus years has been on companies that have a consistent and enduring ability to deliver high returns on their investments. This requires a business with continued growth and relevance, tight control to replicate assets, and strict capital discipline on management’s part.
This morning’s inflation report [11/14/23] was very encouraging. Almost three-quarters of the yearly headline increase of 3.2% came from shelter, which was up 6.7%. Take that out — an exercise which is for analytical purposes only, since it's over a third of the index — and inflation was just 1.5%.