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Friday, December 30, 2022

Four Ways to Ensure Success in Business and in Life

By Whitney Tilson

Editor's note: Today, we're continuing our special series of essays from Empire Financial Research founder Whitney Tilson. In today's edition, Whitney talks about "playing offense" – providing some tips to set yourself up for success... Earlier this week, I wrote about avoiding calamities – in other words, playing defense. In today's essay, I'd like to […]

Thursday, December 29, 2022

The 12 Questions to Ask Before You Marry Someone

By Whitney Tilson

Editor's note: We continue our special weeklong series of wisdom-filled essays from Empire Financial Research founder Whitney Tilson with the 12 questions to ask before you get married... I love the advice Berkshire Hathaway's (BRK-B) Charlie Munger gave when asked for the key to marrying a great person... "Look in a mirror and try to […]

Wednesday, December 28, 2022

Protect This Asset at All Costs

By Whitney Tilson

Editor's note: Today, we're continuing our special holiday series from Empire Financial Research founder Whitney Tilson. In this essay, Whitney discusses protecting one of your most precious assets... If you're a professional – for example, a doctor, lawyer, or businessperson – your greatest asset other than your brain is your reputation... Cherish and protect it, […]

Tuesday, December 27, 2022

The Foundation for a Successful Life: Avoiding Calamities

By Whitney Tilson

Editor's note: This holiday season, we're taking a break from our normal fare to share a special holiday series from Empire Financial Research founder Whitney Tilson. As longtime readers know, Whitney put his Wall Street career on hold to help launch Teach For America. And while he went on to grow his series of hedge […]

Monday, November 28, 2022

Are You Standing on the Sidelines for This Brand-New Bull Market?

By Whitney Tilson

If you watch the news, you've no doubt been hearing about inflation... If you go to the grocery store, you've no doubt been noticing inflation... But the place where Americans see inflation more than anywhere else is at the gas pump. And while the other areas might come and go – the media might change […]

Thursday, November 3, 2022

Take the Emotions Out of Investing

By Whitney Tilson

When you buy a stock, one of two things will inevitably happen... It will go up. Or it will go down. In the beginning, it's really that simple. You buy a stock with just two possible outcomes. But the truth is, things can get complicated really fast. And as that happens, it often leads to […]

Wednesday, November 2, 2022

The Difference Between Being 'Rich' and Being 'Wealthy'

By Whitney Tilson

Lots of people in America today are technically 'rich' just because they hit a certain income threshold... But they don't feel like they are. They have lots of bills and lots of debt... many are living paycheck to paycheck and saving nothing... and worst of all, they're often working 50 to 60 hours a week […]

Saturday, September 17, 2022

How to Spot a Successful Turnaround

By Whitney Tilson

Not all declining businesses are "value traps"... Companies stuck in an extended decline often make the smartest, best-performing value investments. The difference is that these companies successfully stabilize their business and then start to grow again. One form of a turnaround is identifying a company in a sector that is getting crushed. Take retailers, for […]

Thursday, September 15, 2022

Ignore Growth and Value and Turn Yourself Into a 'Make Money' Investor

By Whitney Tilson

I had it backwards my whole career... For most of my time on Wall Street, I was an old-school value investor. That meant I dug through the "bargain bin" looking for stocks that traded at low multiples of their earnings or other key metrics. Of course, I cared about the quality and future growth prospects […]

Wednesday, September 14, 2022

How to Beat Wall Street at Its Own Game

By Whitney Tilson

In the past two decades, I have learned some valuable investing lessons... As some of you know, my journey to launch Empire Financial Research has been unique. In late 1998, I raised $1 million to launch my own hedge fund... without any formal training. They say it's better to be lucky than good. I'd like […]

Monday, September 12, 2022

The Three Most Dangerous Words in Investing

By Whitney Tilson

The common cliché on Wall Street is that the four most dangerous words in investing are, 'This time is different'... But I've found a three-word phrase that's uttered just as frequently... and is arguably even more dangerous. "I missed it." You've probably grumbled these words before, especially if you've ever passed on a stock you […]

Monday, August 29, 2022

When It's a Mistake to Use Stop Losses

By Whitney Tilson

The recent volatility in the markets underscores why I think it's a mistake for investors to use stop losses... It's not a popular opinion. In some ways, it's counterintuitive. After all, automatically selling a stock if it moves against you by a certain percent (or if you lose a certain dollar amount) can reduce risk […]

Saturday, July 23, 2022

How to Spot (and Avoid) an Investment Bubble

By Whitney Tilson

I'll never forget what I saw at the annual Consumer Electronics Show ('CES') in Las Vegas back in January 2014... It was the first CES conference I had ever been to, and it was during the peak of the 3D printing bubble. Back in 2013, investors couldn't get enough of the early movers in the […]

Thursday, July 21, 2022

The Valuable 'Cocktail-Party Indicator'

By Whitney Tilson

I've learned a lot over my 20-year career on Wall Street... But perhaps nothing is as valuable as talking about investing with average folks. I call it the "cocktail-party indicator." Whether it's your trainer at the gym, a neighbor of a family member who has never shown any interest in the markets, or the proverbial […]

Wednesday, July 20, 2022

How Airbnb Turned a 100-Year-Old Industry on Its Head

By Whitney Tilson

Every year, thousands of designers gather for the Industrial Designers Society of America's annual conference... In 2007, Joe Gebbia and Brian Chesky were two recent graduates from the Rhode Island School of Design who had just moved to San Francisco. They knew how popular the conference was – so much so, in fact, that they […]

Monday, July 11, 2022

Looking for a Winning Investment? Turn to the Dictionary

By Whitney Tilson

Look at some of the top-performing stocks of the past decade... I'm talking about companies like Amazon (AMZN), Netflix (NFLX), Google's parent company Alphabet (GOOGL), and Facebook's Meta Platforms (META). These tech giants share a few important traits that led to windfall profits for investors. For one, they all rode the wave of accelerating growth... […]

Saturday, July 9, 2022

The Road to Better Tech Is Strewn With Losers... Here's How to Find the Next Winner

By Whitney Tilson

As technology evolves, the victims always pile up... Take camera and film maker Kodak, for instance. The company traces its roots all the way back to the 1880s. Kodak mastered the "razor and blades" business model... It would sell inexpensive cameras (the razor) and then make large profits from its film sales (blades). For decades, […]

Friday, July 8, 2022

How to Find the Next Apple, Microsoft, or Netflix

By Whitney Tilson

Yesterday, I shared the story of how I discovered Amazon (AMZN) before it became the trillion-dollar behemoth we know it as today... I used a similar approach to buy Apple (AAPL) in 2000, Microsoft (MSFT) in 2010, and Netflix (NFLX) in 2012. These investments were one of the reasons I was able to grow my […]

Thursday, July 7, 2022

Why Amazon Is a Screaming Buy Today

By Whitney Tilson

If you're anything like most investors, you probably think you missed the boat on investing in e-commerce juggernaut Amazon (AMZN)... And at first glance, it's hard to argue with it: Every $1,000 invested in AMZN shares on May 15, 1997, would be worth about $1.2 million today. Of course, to do that, you would have […]

Wednesday, July 6, 2022

This Could Be the Best Buying Opportunity Since the Financial Crisis

By Whitney Tilson

Back in the early 2000s, my business partner Glenn Tongue and I had been following the housing and mortgage markets for years... We long believed that a significant bubble had formed. Thus, as it started to burst in 2007 and early 2008, we were skeptical of the calm assurances from President George W. Bush, Fed […]

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Empire Financial Research

Herb Greenberg

Herb Greenberg is a senior editor at Empire Financial Research. Previously, he was the co-founder of Pacific Square Research and Greenberg Meritz Research & Analytics – both independent, short-biased investment research firms. Greenberg spent more than 40 years as a financial journalist at some of the country's leading newspapers, websites, and broadcast media, where he covered almost every industry. He served as senior stocks commentator at CNBC and was financial correspondent at the Chicago Tribune. He also spent 10 years as the daily business columnist for the San Francisco Chronicle, during which time he started his five-year run as Fortune's monthly Against the Grain columnist and was the morning business reporter for San Francisco's KRON-TV. When the Internet and online media were still emerging, Greenberg was one of the first mainstream journalists to make the shift online, when he became senior columnist at TheStreet. He later shifted to the same role at MarketWatch. When Dow Jones bought out MarketWatch, he added a weekend investor column for the Wall Street Journal to the mix. Earlier in his career, Greenberg was a reporter at Crain's Chicago Business and a business reporter for the St. Paul Pioneer Press. He also spent a year as an analyst at a risk arbitrage firm. Greenberg holds a bachelor's degree in journalism from the University of Miami and completed the Herbert J. Davenport Fellowship at the University of Missouri.

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