Kass’ 50 Laws of Investing
The following is from this morning’s Barrons. A good list/reminder for your investing.
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Month: April 2021
Commentary for week ending 04/17/2021
First, an amusing anecdote: I received a note from my broker on a stock in my personal portfolio – Westrock (WRK). It has been upgraded from “sell” to “hold”. These kinds of upgrades always amuse me – if I sold the stock based on the recommendation, how can I hold it? As for Westrock, it is a corrugated packaging company (i.e. it makes cardboard boxes). It is up about 74% since the March 2020 lows, so actually the broker may be right to rate it is a hold (although CFRA rates it a “buy”). I believe that the stock is probably good long term stock as the economy is improving and hopefully the company will restore the old dividend soon (it was cut 42% due to COVID).
Commentary for the week ending 04/10/2021
One more comment on the infrastructure bill. Every time someone questions the items truly unrelated to infrastructure like child care, the government representative brings up broadband (about $100 billion of the bill). I think most people would agree that improving broadband is important and I also agree it should be part of the bill. But not the other unrelated items! Mentioning broadband is just another attempt at obfuscation by the administration.
Commentary for week ending 04/03/2021
Sorry I am bit late for this post. “Close enough for government work” as the old saying goes. Speaking of “government”, I assume you have all seen the “infrastructure” bill proposed by President Biden. I put “infrastructure” in quotes because only about $583 billion of the $2 trillion are for true infrastructure improvements. The rest are “wish list” items including money for “transformative” projects (whatever that means), child care (!), and other liberal agenda items unrelated to infrastructure. I think we all agree that we need to improve roads, bridges, airports, etc. but not put money into unrelated items, especially since we are already so far in debt. As stated before, I would have cut the COVID relief bill in half and spend about a half trillion for infrastructure improvements.