How many JCPenney stores are left?

Post last updated August 30, 2020. According to JCPenney's official website, there are "approximately 850" remaining locations, but the company announced a list of 154 stores closing on June 6, 2020 in the wake of their Chapter 11 bankruptcy filing in May 2020. (This was revised and is now 152 stores).On June 23, 2020, it … Continue reading How many JCPenney stores are left?

It’s Never the Market’s Fault: How Winners Own Their Mistakes and Constantly Improve Their Results

There are a lot of people confounded by the market’s epic rally in the face of what appears to be a dire economic situation. The US economy faces double digit unemployment, with entire sectors such as travel and hospitality potentially less viable as going concerns. The price of oil recently traded below zero and interest … Continue reading It’s Never the Market’s Fault: How Winners Own Their Mistakes and Constantly Improve Their Results

Robinhood Logo: What Robinhood’s Design Choices Mean For You

Pretty much everything about Robinhood’s user experience is visually appealing, and that includes its logo and app icon. The Robinhood logo features an upward arrow within a feather, in reference to the folkloric character the app is named after who wore a feather in his hat. The light green logo certainly provides those who encounter … Continue reading Robinhood Logo: What Robinhood’s Design Choices Mean For You

How Top Traders Change Their Mental States to Beat Negativity

Even the best traders and investors face losing streaks. Steve Eisman launched a hedge fund after his famous Big Short call. It failed. John Paulson made a big call on gold after making billions on shorting the housing market. The call was wrong and his fund suffered large outflows. Bill Ackman's single most famous short … Continue reading How Top Traders Change Their Mental States to Beat Negativity

The Reopening Process is an Opportunity for Attentive Investors

I had a boss who was an expert in the garment industry and had spent the early part of his career immersed in the business of clothes. He used to drop into clothing stores in New York City for fun, just to observe how well they were managed. Were customers greeted promptly at the door? … Continue reading The Reopening Process is an Opportunity for Attentive Investors

How to Select an Actively Managed Mutual Fund: Akre Focus Fund Case Study

In the battle between passive and active investing, there has been one clear winner in the past decade. Passively managed index funds now account for a majority of assets under management in the ETF and mutual fund space. The reason for passive investing’s triumph over the past decade has many contributing factors, but probably one … Continue reading How to Select an Actively Managed Mutual Fund: Akre Focus Fund Case Study

Michael Steinhardt: How Successful Investors Perceive Things Differently

You can be a successful long-term investor in one of two modes: passive or active. Passive investors tend to look at the research related to investment transaction costs and the challenges of beating the market over the long-term and put their investments on “autopilot” by selecting solid index funds over the long-term with a reasonable … Continue reading Michael Steinhardt: How Successful Investors Perceive Things Differently

Adjusting to the New Reality: Chuck E. Cheese in the COVID-19 Era

Photo: BroStocks Media. I was doing my biweekly grocery pick up when I saw a rather striking site across the plaza, an empty Chuck E. Cheese's parking lot with big writing on the windows: $5 PIZZA. It was in that tacky writing you see on the back of a midsize SUV or minivan that says … Continue reading Adjusting to the New Reality: Chuck E. Cheese in the COVID-19 Era