Monthly Archives: December 2018

Verizon Communications 10-Year Targets

Below are the valuation targets for Verizon Communications (VZ) for the next 10 years. Continue reading

Johnson & Johnson 10-Year Targets

Below are the valuation targets for Johnson & Johnson (JNJ) for the next 10 years. Continue reading

Chart of the Day: Westwater Resources

According to Yahoo!Finance, “Westwater Resources, Inc. operates as an energy metals exploration and development company. The company holds interests in the three lithium brine exploration projects, which include Columbus Basin project in western Nevada; the Railroad Valley project in east-central Nevada; and the Sal Rica Project in northwestern Utah.”

image

The Study of Failure

"…failure just means another opportunity to try again or the option to explore a new path. If we believe in ourselves, we can take these opportunities and make something wonderful out of them. So relax and take joy in failure, knowing that each defeat shapes us, and lets us grow into who we are meant to be. ( Kemper, J. (2015, Apr 01). Joy in failure tastes like failure' a failure. The Observer. University of Notre Dame. Notre Dame IN. University Wire Retrieved from http://ezproxy.sfpl.org/login?url=https://search-proquest-com.ezproxy.sfpl.org/docview/1667875217?accountid=35117)."

Weyco Group 10-Year Targets

Below are the valuation targets for Weyco Group (WEYS) for the next 10 years. Continue reading

Chart of the Day: ReWalk Robotics

According to Yahoo!Finance, “ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes exoskeletons for wheelchair-bound individuals with mobility impairments or other medical conditions. The company offers ReWalk Personal for everyday use to paraplegic individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy used in hospitals and rehabilitation centers in the United States and Europe.”

image

The Study of Failure

"To the scientist who is striving toward a goal, the feedback from failure is just as important as the feedback from success (Barth, Roland S. “Science: Learning Through Failure.” The Elementary School Journal, vol. 66, no. 4, 1966, pp. 200–207. JSTOR, JSTOR, www.jstor.org/stable/1000024.)."

Northwest Natural Gas 10-Year Targets

Below are the valuation targets for Northwest Natural Gas (NWN) for the next 10 years. Continue reading

John Wiley and Sons 10-Year Targets

Below are the valuation targets for John Wiley & Sons (JW-A) for the next 10 years. Continue reading

Williams-Sonoma Inc. 10-Year Targets

Below are the valuation targets for Williams-Sonoma Inc. (WSM) for the next 10 years. Continue reading

Chart of the Day: India Globalization Capital

According to Yahoo!Finance, “India Globalization Capital, Inc. engages in the development and commercialization of cannabis-based therapies to treat Alzheimer's, pain, nausea, eating disorders, several end points of Parkinson's, and epilepsy in humans, dogs, and cats.”

image

The Study of Failure

"But if we think of the general conditions of failure by contrasting them with those of success, we are likely to find that much American literature achieves its vitality by a conscientious labor to transform the mere state of failure into the artistic success of forms and pageants: it learns a style not from a despair but from an apparent failure (Donoghue, Denis. “The American Style of Failure.” The Sewanee Review, vol. 82, no. 3, 1974, pp. 407–432. JSTOR, JSTOR, www.jstor.org/stable/27542853.)."

Chart of the Day: Bayside Corporation

According to Yahoo!Finance, “Bayside Corporation focuses on infrastructure around the crypto-asset and blockchain ecosystems. The company's Blockchain branded CTMS provides a way to buy and sell bitcoin for cash, as well as allows purchasing digital currency without a bank account, debit card, or credit card.”

image

The Study of Failure

"Children are afraid at school, and they are afraid because they are taught in an atmosphere where failure is defined as 'dishonorable' and 'humiliating' rather than as an obstacle which generates constructive questioning and learning. In such a system children become motivated by a 'success' which is primarily based upon adult, or more specifically, teacher approval, rather than self accomplishment (Gever, Benson E. “Failure and Learning Disability.” The Reading Teacher, vol. 23, no. 4, 1970, pp. 311–317. JSTOR, JSTOR, www.jstor.org/stable/20196311.)."

Dollarama 10-Year Targets

Below are the valuation targets for Dollarama (DOL.TO) for the next 10 years. Continue reading

2018 Book List

Below are the books that we’ve read cover-to-cover in 2018.  The accompanying links will take you to Amazon.com if you’re interested in buying the books.  Don’t forget to check out our 2017, 2016 and Dow Theory Letters book lists.

The top three must read books from the latest list are:

The above three books are highlighted in bold red.

Title  Author
A First-Class Catastrophe Diana B. Henriques
Antifragile Nassim Nicholas Taleb
Atomic Adventures James Mahaffey
Barons of the Sea Steven Ujifusa
Basic Economics Thomas Sowell
Behave Robert M. Sapolsky
Being Wagner Simon Callow
Blood Moon John Sedgwick
But What If We're Wrong Chuck Klosterman
Casey Stengel Mary Appel
Einstein's Dice and Schrodinger's
Cat
Paul Halpern
Fifty Inventions That Shaped the Modern
Economy
Tim Harford
Flash Boys Michael Lewis
Fooled by Randomness Nassim Nicholas Taleb
Isaac Newton James Gleick
King Con Paul Willetts
Leonardo da Vinci Walter Isaacson
Meltdown Chris Clearfield
Mindhunter John E. Douglas
Norse Mythology Neil Gaiman
Patient Zero Richard A. McKay
Playing Dead Elizabeth Greenwood
Scale Geoffrey West
Six Women of Salem Marilynne K. Roach
Skin in the Game Nassim Nicholas Taleb
The Bettencourt Affair Tom Sancton
The Big Short Michael Lewis
The Book That Changed
America
Randall Fuller
The China Mission Daniel Kurtz-Phelan
The Genius of Judaism Bernard-Henri Levy
The Great Halifax Explosion John U. Bacon
The Happiness Equation Neil Pasricha
The Knowledge Illusion Steven Sloman
The Last Wild Men of Borneo Carl Hoffman
The Laws of Medicine Siddhartha Mukherjee
The Lincoln-Douglas Debates
The Marshall Plan Benn Steil
The Men Who United the
States
Simon Winchester
The Origin of Species Charles Darwin
The Price of Everything Eduardo Porter
The Quantum Labyrinth Paul Halpern
The Road to Jonestown Jeff Guinn
The Secret Token Andrew Lawler
The Shipwreck Hunters David L. Mearns
The Sixth Extinction Elizabeth Kolbert
The Stowaway Laurie Gwen Shapiro
The Warren Buffett Way Robert Hagstrom
Too Big to Fail Andrew Ross Sorkin
Undaunted Courage Stephen Ambrose
When  Daniel Pink
When Mountezuma Met Cortez Matthew Restall
Without Precedent Joel Richard Paul
Young Washington Peter Stark

 

Dow Theory Letters Book List

Richard Russell was a legendary Dow Theorist and stock market commentator. Russell wrote the Dow Theory Letters for over 55 years from 1958 to 2015. Using Dow theory, Russell accurately called the top of the market in 1966, the bottom of the market in 1974, and the top of the market in 2007 (Barron's article November 2007.)

With such a record, we find it useful and necessary to list the majority of books that Richard Russell had mentioned in Dow Theory Letters. Some of the books related to the stock market and others are about health, politics or life in general (a small number of books added by us). Continue reading

Dow’s theory on the Shareholder

Charles H. Dow’s view on the role of shareholders

"...some managers look upon the properties which they manage as their own and upon the information which comes to them as personal perquisites, and disregard altogether the fact that they may be merely operating the property for the real owners (Dow, Charles H. Wall Street Journal. Review and Outlook. March 27, 1900)."

Who was Charles H. Dow?

“Charles Henry Dow was an American journalist who co-founded Dow Jones & Company with Edward Jones and Charles Bergstresser. Dow also founded The Wall Street Journal, which has become one of the most respected financial publications in the world. He also invented the Dow Jones Industrial Average as part of his research into market movements. He developed a series of principles for understanding and analyzing market behavior which later became known as Dow theory, the groundwork for technical analysis (source: Wikipedia.org).”

Chart of the Day: Nebraska Book Holdings

According to Yahoo!Finance, “Nebraska Book Holdings, Inc., through its subsidiaries, operates in the college bookstore industry in North America. It sells used textbooks to college bookstore operators; buys them back from students or college bookstores at the end of college semester; and resells them to college bookstores.”

image

The Study of Failure

"That failure, its threat and its occurrence, is endemic to social organization and social life is a truism about which both sociologists and laymen alike can concur. Yet, as a socially problematic phenomenon it is one to which sociologists themselves, as in the case of sport generally, have given relatively scant attention or consideration (Ball, Donald W. “Failure in Sport.” American Sociological Review, vol. 41, no. 4, 1976, pp. 726–739. JSTOR, JSTOR, www.jstor.org/stable/2094846.)."