- Why did the market crash in '87?
And why were you in cash?
What reason did the market give you to be in cash and not in the market? And if you don't answer those questions, why is it that no one has an explanation for the crash in '87? Also, in the Feb. 27 decline, you said on TheStreet.com TV Web videos that the exchange "failed the people" on that day. Could you explain what you meant by that? Could it be the same thing that happened in '87 but to a much lesser extent?
- Why is Goldman Sachs (GS - Get Report) so absurdly cheap? Could it go private? There's no way it should be trading at one-third Microsoft (MSFT - Get Report).
- How can companies have much higher dividend payouts than their earnings per share? For example, Eagle Bulk Shipping (EGLE - Get Report) and Nordic American Tanker Shipping (NAT - Get Report).
- Do you sometimes pick a stock way too early?
I have noticed this on several stocks that you have suggested. Sometimes as much as up to a year later the stock does what you thought it was going to do. Examples to consider would be Foster Wheeler (FWLT) and ABB (ABB - Get Report). Is this the case with NYSE Euronext (NYX) or North American Palladium (PAL)?
- Do you need to go to business school to be successful?
People on this site make it sound like business is the only route to wealth. The problem is this: I love stocks, but I love medicine more. I am 20 years old, a third-year undergrad and set on going to medical school. Do you think this is a wise choice? Should I put aside this plan and go into some business-related field?
- What do you tell people once they've made their first million?
Should they keep speculating or be content to put their money in index funds, Treasury bonds/conservative investments? I'm guessing most high net worth investors who aren't too greedy would be content at matching the S&P. When is enough enough when it comes to speculation? Still 20% of your portfolio?
- In the case of a short-sale, what is the maximum time allowed for covering it?
On Stockpickr Answers, I recently responded to a new batch of questions posed by members of the Stockpickr community. Anybody can ask, respond or comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section. Here are a few of the questions to which I've recently responded: