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The stock market has been having quite the party over the past month. Since November 8, the date of the election, the S&P 500 is up by 4.8%. Small caps have crushed that performance, rising by almost 16% over the same timeframe.

There is a Fed meeting today. The ultimate oracle of wisdom will bestow their current thinking upon anxious traders.

Warren Buffett became the world’s most famous investor in part by investing in companies with strong economic “moats.” Today, we add a well-known company that fits that description. We also say goodbye to two stocks to make room for more reliable opportunities as the market teeters.

History shows that dividend income is an important part of your total return when investing in common stocks.

Harvard’s endowment is massive (and profitable) with exposure to a wide range of assets. So how do we invest like Harvard University?

The heart of the Contrary Opinion Forum is the talks by some of the best independent thinkers in the investment business.

Here are the latest developments in the cannabis sector over the past two weeks.

The bottom line: States continue to march forward with legalization, but the negative trends of price compression and higher financing costs weigh on weaker players. That will create acquisition opportunities for the stronger companies in the space.

It is useful (if also humbling) to review how our prior year’s forecast turned out.

In this issue, we take a look back - and a look forward - as we assess our moves.

My career at Cabot began back in June 1999, just before the internet bubble really revved up in October. That was a time of great divergences—the broad market struggled all the way from the mini-bear market bottom of October 1998 right through the top in March 2000. Today I see a similar dichotomy in the market—many “old” leaders are struggling while “new” growth concepts are finding support.

The Alibaba IPO really is a big deal in and deserves all the responsible analysis it can get.