Do you know the difference between an investment and a speculation? Most investors don't.
Articles by Stephen Mauzy
By Stephen Mauzy | Aug 22, 2014
Over the past couple years, Brazil stock investors have been drinking Caipirinhas to drown their sorrows. Down the road, they could be drinking Caipirinhas to celebrate their good fortune.
By Stephen Mauzy | Aug 20, 2014
A pioneer in high-yield energy master limited partnerships (MLPs) renounces the concept. How will a new corporate structure impact Kinder's MLP investors?
By Stephen Mauzy | Aug 15, 2014
I bristle when I read accounts – mostly from professionals with a monetary stake – that investing is too complicated for the non-professional. “Leave it to the pros,” they reason. “After all, you wouldn’t perform surgery on yourself.” No, I wouldn’t perform self-surgery, but I attend to health through nutrition and exercise, as every adult [...]
By Stephen Mauzy | Aug 13, 2014
Investing surprises can be good or bad. The CEO negotiates a sale of the company at a 50% premium to the current market price is good. The CEO is arrested for falsifying financial statements and the share price drops 50% is bad. Surprises are rarely so euphoric or Draconian. They’re mostly pleasant or irritating. Discovering [...]
By Stephen Mauzy | Aug 8, 2014
Many of you are familiar with the seven wonders of the world – seven remarkable constructions of classical antiquity. Of the original seven, only one – The Great Pyramid of Giza – still stands. Fewer, I suspect, are familiar with the “8th Wonder,” a flippant term financiers give to the power of compound interest. If [...]
By Stephen Mauzy | Aug 6, 2014
As the dividend goes, so too goes the share price. For this reason, I’m attracted to quality dividend-growth stocks. Look no further than dividend-growth powerhouses ExxonMobil (NYSE: XOM), Altria (NYSE: MO), Johnson & Johnson (NYSE: JNJ),and Procter & Gamble (NYSE: PG). Every year this quartet increases its annual dividend, and over time their share prices [...]
By Stephen Mauzy | Aug 1, 2014
Most of the great “investor” wealth you see today (including Warren Buffett’s) is as attributable to the “business” of investing as it is to investing itself. A business is started to manage money. The business’ goal is to accumulate large sums of money to manage. A percentage fee is then earned on money under management; [...]
By Stephen Mauzy | Jul 30, 2014
As a frequent flyer, I view the downing of Malaysian Airlines Flight 17 over Ukraine with more contempt than most. Being a passenger on a doomed jet might not be my worst nightmare, but it ranks near the top. What occurred on July 17 was an appalling tragedy, which is to understate the obvious. Emotions [...]
By Stephen Mauzy | Jul 25, 2014
I tend to avoid most investment opinions I hear or read on popular media outlets. But occasionally something is said that piques my interest. Jim Breyer, founder and CEO of Breyer Capital and a partner in Accel Partners, piqued my interest in a recent CNBC interview published on Yahoo! Finance. So, what did Breyer proffer [...]