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It’s no secret that summer is the year’s busiest driving season. School vacations and warmer weather inspire trips to the beach or mountains and longer journeys to relatives’ homes or tourist destinations. The AAA estimates that Americans drive an additional 440 miles each summer.And this summer will see a great… Read More

Mohamed El-Erian just echoed his gloomy economic forecast. Instead of using his “The New Normal” term for worldwide slow growth that he branded seven years ago, this time he used a new phrase: the “T-junction.” El-Erian’s T-junction means an economic intersection where you can’t go forward because the path we’ve… Read More

As we discussed yesterday, the math behind “asymmetric” investing is compelling… Perhaps the sector that’s most illustrative of its effectiveness is biotechnology. Let’s consider a hypothetical portfolio comprised of three well-known Big Pharma stocks: Pfizer (NYSE: PFE), Merck (NYSE: MRK), and Abbott Laboratories (NYSE: ABT). Scrutinizing their fundamentals (balance… Read More

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