Sunday, November 22, 2009

Note to Stock Pickers: Study Bonds and Bond Markets - Alpha

In this issue:
1) The Achilles Heel of Stock Pickers
2) Bond Basics are Related to Stock Basics
3) Bond Market Indicators
4) Tea-Leaf Reading in Bond Markets
5) Get Rich or Die Tryin’

Dear Friends, Colleagues, and Investors:

Having learned to invest in the bull markets of the 1990s and 2000s, I often saw the world of capital markets as an equity investor buying stocks. Now I realize it’s important to step back and see the bigger picture, both to be a better stock picker and an all-around better total return investor (who can hold bonds, cash, ETFs, REITs, and other securities as needed). My hypothesis is that stock pickers would be much better at what they do if they study bonds and bond markets.

Please see the attached pdf file for this newsletter, here:


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