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Letters from Linlithgow
Letter from America
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By Mike Williams | 1st August 2017
Rumours, News & Other Distractions
Well that was timely. A few weeks back we focused in these notes on the near-term risk of the "buying...
By Mike Williams | 31st July 2017
Not-So-Sweet Emotion
Just remember this: If investing, building wealth over a lifetime or preparing for and/or managing a pleasant, fun-filled, relaxing retirement...
By Mike Williams | 31st July 2017
ETFs – Nothing is Certain or Obvious
Howard Marks recently posted a report for clients that echoes what we’ve discussed here for many moons as regards the...
By Mike Williams | 27th July 2017
It’s Tough to be a Bear
We are now right in the middle of one of the two busiest weeks in the earnings season. So, before...
By Mike Williams | 25th July 2017
A Little Investor Reality Break
America has reached a new low in the percentage of households investing in the stock market. And that's good news...
By Mike Williams | 24th July 2017
How Fear Hurts Wealth
As we prep for the worst of the summer stock market haze in August, the media redoubles its efforts to...
By Mike Williams | 21st July 2017
Far From the Maddening Bears
My wishes for a summer swoon thus far appear pretty bogus… Just about everywhere you look we’re breaking records. Except...
By Mike Williams | 17th July 2017
The Upside of Down
The summer haze has simply not (yet) uncorked a stock market swoon. But you’d never know that by looking at...
By Mike Williams | 13th July 2017
But This One’s Just Right…
Analysts are rarely satisfied. There just never seems to be that Goldilocks “But this one is just right” moment. This...
By Mike Williams | 13th July 2017
The Breadcrumbs to Good Market News
Good Morning, For those of you who like to study the structure of the market, I’ve prepped another short video...
By Mike Williams | 11th July 2017
Why “All Is Well” Doesn’t Sell
The summertime economic calendar remains light, so expect loud noises about small things. That’s because the scribblers and commentators can...
By Mike Williams | 10th July 2017
A Cure for Stock Market Altitude Sickness?
Have a look at the latest American Association of Individual Investors (AAII) stats from last week (below). It shows the...
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