Moneyquote: "For the first two decades of his career, Mr. Buffett built the bulk of his fortune through his investing prowess, producing one of the best long-term track records of any money manager in history. More recently, however, Mr. Buffett has succeeded not through investing prowess alone, but also through exclusive deals that have come to him because of it.

Only a part of Mr. Buffett's market-beating performance has come from stock-picking. Even more of his edge has been generated by the operating subsidiaries of his Berkshire Hathaway Inc., like Benjamin Moore paint and Geico insurance. "There's no question about it," Mr. Buffett told me during the week. "Certainly over the last decade at least," the earnings of Berkshire's operating businesses "have grown at a much faster rate than the [value of the] marketable securities per share.""

The simplest and strongest example support Trend Following I've ever seen.

Oh fuck.

A 2007 review by Barron's that found the only way to reliably profit from Cramer's stock picks was to short them.

These rules can apply to day trading as well. And they're worth learning.

This is no surprise to anyone with some experience on Apple. This company has been firing on all cylinders for some time now.

discontinued blog, now at charlesamadeus.com