Richard Bernstein
Richard Bernstein
Richard Bernsteinis an American journalist, columnist, and author. He writes the Letter from America column for The International Herald Tribune. He was a book critic at The New York Times and a foreign correspondent for both Time magazine and The New York Times in Europe and Asia...
ProfessionJournalist
Date of Birth5 May 1944
economic fed indeed perhaps slowing weather
It will be interesting to see if these companies' misfortunes are indeed attributable to weather and temporary, or perhaps better attributable to the Fed and slowing economic growth.
They could have diversified their holdings 2, 5 or even 10 years ago.
balance based cycle income investors picking profits selection sheet sheets statement statements stock strong switch tend time variables
We think it is now time for investors to switch from income statement variables to balance sheet variables when picking stocks, ... Portfolios in which stock selection was based on strong balance sheets tend to outperform those based on income statements when the profits cycle decelerates.
came huge issue passionate since transit
I've been passionate about this ever since I came on the board; transit is a huge issue for me.
among disliked good news perform quite stocks
The big telecoms still have to be among the most disliked stocks in the world. They are so under-owned that if we see a continuation of more good news than bad, the stocks will perform quite well.
closely companies executives held people trying
People say these companies are closely held and that the executives are trying to diversify, but why now?
near
S&P 500 valuations, by some measures, are near or at all-time highs,
investors late private
Private investors are usually late to the party.
build building equity high house levels people prefer price speculate using wealth
People used to build wealth through building equity in their homes. Today, people prefer to speculate on the price of their house by using historically high levels of leverage.
confidence consumer consumers currently few generators indicate people perceived relatively situation tend trust
The more generators sold, the more consumer confidence has been hurt, as this would tend to indicate that people do not trust the infrastructure currently in place. If, however, consumers shrug off the ... situation and relatively few generators are sold, then this would be perceived as a positive.
companies growth lower pro quality rates using
Lower quality companies are dramatically overstating their growth rates by using pro forma earnings.
answer deflation managers portfolio potential question regarding saying
Portfolio managers should answer the question regarding the potential for deflation by saying that we are already deflating.
capital highest returns
Returns on capital are highest where capital is scare.
fed people watch
People who want to watch the Fed need to be very careful,