takeovers

“A rising market climbs a wall of worry.”

—origin unknown, in use with numerous variations, since at least the 1970s

I’ve mentioned many times over the years that the quote above is one of the wisest investment one-liners I’ve come across. However, it can be useful or misleading, depending on how you interpret it.

The best use is to take it as a reminder that in a healthy, rising market that has additional gains ahead, you never run out of things to worry about....
Funds invested in venture capital in the U.S. amounted to $4 billion in 1994; the 2018 figure was a record $100 billion. Note that this is not the total value of U.S. venture capital holdings. These are the amounts of new investment in the field in these two years, respectively.

Back when this burst of growth was just getting started, most venture-capital investment managers acknowledged that perhaps only one in 10 of the deals they financed wound up making any money for investors....
One key part of our Successful Investor approach is our “Limelight Rule”: Downplay or avoid stocks in the broker-media limelight.

This is a basic portfolio-construction principle. Heightened attention from brokers and the media is a poor guide to investment profits....
What is Pat’s commentary for the week of August 7, 2019
What is Pat’s commentary for the week of July 30, 2019
We took a look at Slack Technologies in an Advice for Inner Circle Members email earlier this year. That was just before the company went public through a direct listing on the New York exchange. In opting for that process, it avoided the traditional and usually costly initial public offering, or IPO (see more on that below).

Direct Public Offerings (DPOs) aim to minimize broker involvement and cost....
MACK-CALI REALTY CORP. $23 (New York symbol CLI; Manufacturing & Industry sector; Shares outstanding: 90.3 million; Market cap: $2.1 billion; Dividend yield: 3.4%; Takeover Target Rating: Highest; www.mack-cali.com) is a New Jersey-based real estate investment trust that owns, manages and develops 74 properties in the Northeastern U.S....
The lack of new pipeline capacity in Canada and parts of the U.S. continue to force oil producers to transport more of their crude by rail.

The situation is likely to continue for some time, as both Enbridge and TC Energy (formerly TransCanada) face strong legal and environmental opposition to their proposed new pipelines....
Invest in upcoming stock spinoffs over new issues to profit over the long term. That’s because spinoffs tend to perform better over time than their IPO counterparts
Follow these Successful investment rules to help you find winners like spinoffs—and avoid potential losers like new issues