Robert Marcin is the founder and general partner of Defiance Asset Management. Formerly, Marcin was a partner at Miller, Anderson & Sherrerd and a managing director at Morgan Stanley, where he managed the MAS Value fund (currently Morgan Stanley Institutional Value). He currently writes Marcin’s Stock Diary on WallStreetAllStars.com.
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Robert’s latest columns:
I am interested in the right numbers. Dismissing price/GDP might be correct or not. We don’t buy shares in GDP. It doesn’t mean that GDP is completely irrelevant though. I use price to actual sales and net margins on actual sales to judge valuation and profitability. So dismissing market cap/GDP is not a victory for […]
So the tide of free money is tabled to go out and the bull market geniuses are caught with their bathing suits down, exposed. And we see who is long and who is short. We have the levered bond bulls (one trade wonders) getting killed, the perma-bull equity guys taking hits but still profitable, the […]
For the past few months, much of the economic data coming out has been sloppy, downright negative some would say. So would the Bloomberg Economic surprise index. But who cares about economic data anymore. We went from being a manufacturing economy to a service economy to an asset speculation supported economy or ASSE. And in this […]
In my column titled Bull Market in Disingenuity, I challenged the whiners and liars who were misusing the so called disastrous March jobs data. I stated that with the revisions in that month, the job number wasn’t that bad, and that with the trend of revisions being positive, it was likely that March would come […]
For those who haven’t connected the dots, my “not coffee, but good from the last drop” trade is Maxwell Technologies (MXWL is ticker). They just reported blowout numbers, we think. See the company is in process of restatement and can only do “limited financials” till complete restatement is done. The company makes ultra capacitors, used […]
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