Everyone who devotes any attention to investing inevitably develops his own specialties, approaches, and methods. In other words a style. There are many paths up the mountain, and all intelligent methods have merit. But the degree of merit can vary tremendously with the times. A value investor, who attempts to find dollar bills selling for 50 cents, is going to have a tough time in a mildly inflationary environment when the stock market is booming. A growth investor, […]

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Tweet Here’s a note to a new correspondent: Mr. W__: Thanks for your e-mail. You write that “President Trump can be forgiven for thinking American trade deficits with Mexico and with Canada are signs of them taking advantage of us.  He’s a business man and no business man wants to see his company spending more than it earns.  I see where he’s coming from.” With respect, I disagree. Trump’s business background arguably explains his hostility to U.S. trade […]

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