Tips by Tom Murcko

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If institutional investors want to buy a company because it's about to spin off an undesirable part of the business, they'll usually wait until after...
Tags: spinoffs
Don't trust the regulatory agencies to do their jobs, and don't trust the credit rating agencies either. Neither group looks closely enough to really...
There are two fundamentally different ways to pick stocks that sometimes get grouped together. One is to foresee the future better than others and...
Warren Buffett recommends avoiding IPOs, for the following reason: "It's almost a mathematical impossibility to imagine that, out of the thousands of...
In general, stock buybacks are a positive sign, because they usually mean that the company has more cash than it needs to operate, and that management...
Tags: buybacks
Only that which gets measured gets improved. So record your rationale for buying each stock you buy, then check back to see how your picks performed...
The Black-Scholes options pricing method isn't an accurate way to evaluate an option if you understand the underlying company well. Black-Scholes is...
Value investing, contrarian investing, and distressed or special situation investing are techniques that tend not to work well for teams of fund...
The widely reported Dow Jones Industrial Average is not an accurate measure of the market and is so widely reported only because of branding,...
Tags: Dow, warnings
Don't blindly believe the GAAP numbers. GAAP can be intentionally or unintentionally misleading. Focus more on actual cash flow. It’s hard for a...
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