Thursday, September 12, 2024

News and Ideas Worth Sharing

Allen Harris

Allen Harris is the founder, CEO and CIO of Berkshire Money Management based in Dalton, Massachusetts. He is a Certified Exit Planner, Certified Value Builder and Certified Business Valuation Specialist, and specializes in working with business owners intending to accelerate their growth and/or transition. Harris is also the author of 'Build It, Sell It, Profit: Taking Care of Business Today to Get Top Dollar When You Retire,' publishes the Berkshire Business Confidence Index, and hosts the BMM Business Roundtable. He built and sold his previous business, the Navigator Newsletters Group, a financial publication with 16,000 paid subscribers (one of the five largest of its era). Beyond his professional work, Harris is passionate about the well-being of animals. He is an avid supporter of spay and neuter efforts and animal rescue. Additionally, he is a strong advocate for both economic revitalization and the arts in the Berkshires, including First Fridays Artswalk, Shakespeare in the Park, Alchemy Initiative, Tanglewood, Jacob’s Pillow and other nonprofit organizations.

written articles

CAPITAL IDEAS: Just give me a reason

The vibe, after a decade of stock market gains, feels less like technical confirmation of fundamental research and more like that melt-up I’ve been talking about.

CAPITAL IDEAS: Pegging inflation

Oh, and another reason the stock market isn’t poised for underperformance is because the Fed doesn’t care much about inflation right now.

CAPITAL IDEAS: The first five days

My concern is that the Fed will begin to gain comfort in the functioning of short-term interest rates, then decide to reduce the balance sheet just before a shock coincides with less liquidity and super-high stock valuations.

CAPITAL IDEAS: What happens to stocks after Middle East crises?

The U.S. produces about 13 million barrels per day and consumes 21 million, so higher oil prices could depress economic growth. But I’m not worried about that yet.

CAPITAL IDEAS: Congress Just Overhauled Your Retirement

Although I don’t like it, the SECURE Act did get bipartisan support, passing in the House of Representatives in July with a 417-3 vote.

CAPITAL IDEAS: Did it even happen?

Maybe an average-ish return, to you, is like getting gym socks in your stocking. But it’s better than losing your shirt.

CAPITAL IDEAS: Recession odds lowering

Anxious as I may be, I know that I must be flexible in my thinking, and data is more important than fear.

CAPITAL IDEAS: 2020 vision

The market is going to move slower or faster toward fair value for a whole host of reasons, and to think it’ll get there on some exact day is just dumb.

CAPITAL IDEAS: Investors have a lot to be thankful for

Not that we can ever rely on one indicator, but those historical instances of outperformance suggest that we haven’t yet seen too much of a good thing.

CAPITAL IDEAS: OK, Boomer…

I’m not going to deter anybody from getting invested to fund their retirement, but I will try to steer you away from using rules of thumb that are likely to be contrary to your ultimate goal of living your best possible retirement.

CAPITAL IDEAS: Smarter than the average bear

Overconfidence leads investors to believe that they will be one of the few who succeed. It turns out that people who trade the most, presumably due to misplaced confidence, produce the lowest returns.

CAPITAL IDEAS: Politics, policies and stock prices

Dalton -- Volatility in the stock market has become subdued over the last few weeks as U.S.-China trade talks have turned more positive. On...

CAPITAL IDEAS: Schoolin’ ya

Dalton -- A month ago I reported on Sen. Elizabeth Warren’s plan for Social Security. Without going into the detail of all the caveats...

CAPITAL IDEAS: The growth vs. value of high school reunions

Our shift from growth to value throughout last year has been small in magnitude and snail-slow. We didn’t want to get too defensive and lose out on the upside, and value stocks allow for the possibility of participating on the upside.

CAPITAL IDEAS: Impeachy keen

Only three U.S. presidents have faced impeachment proceedings. It makes it hard for me to use impeachment threats or proceedings as a tool to determine where U.S. stocks will go.

CAPITAL IDEAS: Cuts like a knife

Some Fed officials want another cut this year, and others could be convinced to do so if the economic data weakens. The Fed has continued to repeat the line that any decision made — cut, stay or hike — will be “data dependent.”
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