Can we be certain that buying cheap stocks works? I’ve talked a lot about my investment strategy of buying cheap stocks. I’ve also explained why I do it.

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues. A few days ago I was lucky to find another great interview with Mr. Chanos, this time from FT Alphachatterbox released on April 25, 2016.

Roulette is not a “fair” game, but it’s about as close as you can get in a casino. Assuming a standard wheel with 18 black slots, 18 red slots, and two green slots (0 and 00), your odds of hitting on black or red are 47.37% (18/38). The “house edge” is 5.26% as they will … More Martingales and Markets

Wednesday morning, Sam Zell, billionaire chairman at Equity Group Investments, spoke with Stephanie Ruhle and David Westin on Bloomberg’s “GO” TV.

Broadway Tax Professionals (BTP) is a full-service tax preparation and tax planning firm with offices in New York City. At BTP, we are committed to providing our clients the highest level of professional services.

Stay up-to-date with the latest probabilities of FOMC rate moves with the CME Group FedWatch Tool.

Earlier this week, the Census Bureau released its annual report on household income data for 2015. Last year, the median (middle) household income rose to $56,516, a 5.3% increase over 2014 and a record high. Interestingly enough, median income adjusted for inflation is 2.

Many have speculated that the Federal Reserve may announce a 25 basis point rate hike when they meet next week. However, whether you think the Fed should or should not raise, with forward-looking economic data near recessionary levels, market expectations for a rate hike have fallen steeply.

Investor sentiment these days is a bit of a puzzle. When the market goes down, bullish sentiment retreats while bearish sentiment spikes. However, when the market rises, bullish sentiment stays flat. This week’s sentiment survey from AAII is a perfect example.

Citigroup’s presentation today at Barclay’s Financial Services Conference gave a powerful and straightforward message. John Gerspach, the CFO, stated very simply that Citigroup is focused on lifting its return on tangible capital (ROTC) as well as lifting the return of capital to shareholders.