Money Management for the New Economy
President of the United States Donald Trump, Secretary Treasury of the United States Steven Mnuchin, and the head of the Federal Finance Housing Agency (FHFA), Mark Calabria, are seeking a prompt resolution to end the conservatorships of Fannie Mae and Freddie Mac. Just as importantly, these all-important figures are in alignment to recap and release…
The core investments at FMT Investment Advisory are always done with the mindset that they are businesses, not a collection of ticker symbols. We always focus on the underlying economics of the business while we seek to acquire them at sensible market prices and then we hold them until it no longer makes sense to…
A couple will typically part ways when they no longer want to be intertwined with one another, but another thing can end a couple. Two people sufficiently in love that ultimately give up on spending time together because of distance or anything else can potentially end in tears, too. There are some interesting parallels with…
Warren Buffett has never invested into a single stock because of its dividend in his 70+ years of investing. Neither has his partner, Charlie. There isn’t a single person on the Forbes 100 richest list that got there as a dividend investor, either. In the case of Warren, ninety-nine percent (over 99%!) of his wealth…
Lucara Diamond is a classic FMT Investment Advisory Special Situation. The business has the following characteristics: An aligned management team and board of directors who own 21% of the common shares Profitable (has paid out $257 million in dividends since 2014) A strong balance sheet with no debt An attractive valuation (9.7x TTM earnings) with…
There’s an age-old adage saying that what the wise man does in the beginning is what the fool does in the end. In investment parlance, a fortune can be made when an investor becomes bullish on markets and assets before a bull market ensues. This sounds easy, but it is extremely difficult to implement psychologically.…
FMT Advisory’s research has identified a few money trends that we have just begun to allocate capital towards. One huge money trend we are invested in is that of value businesses beginning to outperform their sexy growth counterparts as the growth-value cycle shifts. When economic growth is tepid, investors pay up for companies that can…
There are only 28 hitters in the Major Leagues that have a batting average over .300. Said another way, just 28 players at the highest level of the game can barely get base hits more than 3 out of every 10 at bats. To hit .300 or more year in and year out puts a…
FMT Investment Advisory has been the cutting-edge investment firm all over the Fannie Mae and Freddie Mac story. Now that the framework for Trump’s #1 policy agenda of tax reform has been hammered out, Fannie Mae and Freddie Mac are about to become the top priority for Trump’s next major policy initiative. Housing accounts for…
FMT Investment Advisory implements and reveres value-based investment ideas. Predictions for Dow 50,000 or Dow 6,000 are utterly nonsense. Soothsaying isn’t a formula for successful investing. Our advice is to ignore, delete, unfriend, or unsubscribe to anything or anyone pontificating such hogwash. Outlandish predictions are great for attracting eyeballs, but they are virtually useless to…
