For every modern market collapse, a new bubble has emerged to take its place. This isn’t how things should work in an efficient market, but the fact is that’s been the trend. Read More

While everybody is banking on the credibility of the federal government to finance, underwrite, guarantee and even buy into banks, insurers and potentially even auto makers, local governments have been treated as if they’re toxic mortgage companies. Read More

In this market environment, it’s difficult to pinpoint opportunities, but there are several companies that have capitalized on the downturn. And they’re common household names. Read More

You might think that, based on the evidence before us, the current markets were set up as a rescue plan for flailing day-traders. Read More

With global stock markets down anywhere from 40 to 80 percent, there’s been plenty of blood-letting in recent months. But we’ve yet to see first blood in the core businesses of current Income Portfolio holdings. Read More

The airline industry is more dependent on energy costs than almost any other group. Read More

The holidays are just around the corner, and the hunt is on for the perfect gift for your friends and loved ones. In this season of giving, we’d like to give you a gift for giving to your friends. If you buy one PF subscription for a friend or loved one at our low holiday rate of $49.95 for 24 issues, we’ll give you A YEAR’S SUBSCRIPTION FREE. And we’ll send a card notifying the recipient of your generosity. To take advantage of this offer, call 800-832-2330 and ask for special offer K01147. Read More

We don’t issue sell calls on a whim; while preparing each issue we comb through every one of our stocks and bonds to make sure they meet our four core rules for buying and holding. If they don’t, we sell and look for better opportunities. Read More

October was among the worst months for the broader stock market since the early 1930s. And it’s also been a historic market for volatility; from early September to late October, more than 90 percent of trading days brought a triple-digit move for the Dow Jones Industrial Average. Read More

Following the lessons of his mentor and eventual business partner Ben Graham, a professor at Columbia University and author of the seminal text Securities Analysis, Warren Buffett brought so-called value investing to the fore of the public consciousness as his astute investments brought him considerable fame and fortune. Read More