William Patalon III- Money Morning - Only the News You Can Profit From.
William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints with Gannett Co. Inc., and The Baltimore Sun.
Bill has covered finance and investing, economics, manufacturing, the defense sector, biotechnology, and telecommunications. The companies he’s covered include Eastman Kodak, Xerox, Harley-Davidson, Caterpillar, Westinghouse Electric, Verizon, MedImmune, and Black & Decker.
His most-memorable interviews include: former President Richard M. Nixon, General Electric CEO John F. “Jack” Welch, Forbes magazine publisher and former Presidential candidate Steve Forbes, and business-turnaround specialist and helicopter-industry pioneer Stanley Hiller Jr.
It was Bill’s work covering Eastman Kodak Co., during the last half of the 1990s that solidified his reputation as one of the nation’s top analytical business journalists. With his award-winning reports on Kodak’s competitive travails, he consistently scooped his competitors in the national business media. His chronicles of Kodak’s turnaround efforts took him to China, Japan, Silicon Valley, New York, Washington, D.C., and even Hollywood.
His work has appeared in Kiplinger’s personal finance magazine, USA Today, and The South China Morning Post, among other publications. A winner of approximately two-dozen journalism awards – including top honors from The Associated Press and the prestigious Society of American Business Editors and Writers (SABEW). Patalon is also the co-author of the Prentice Hall book, "Contrarian Investing: How to Buy and Sell When Others Won’t and Make Money Doing It." Before taking over Money Morning, he served as the editor of The Rebound Report, an investment newsletter focusing on turnaround stocks.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish… and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
Bill has a BA in Print Journalism from Penn State University, and an MBA in finance from the Rochester Institute of Technology.
William'S LATEST HEADLINES
Trade 1 Monday, October 16, 2017One of My Favorite Stock-Buying Strategies Just Won the Nobel Prize
This is big, and I'll show you why in a minute…
University of Chicago heavyweight thinker Professor Richard H. Thaler just won the Nobel Prize for Economics.
I read all the stories about Thaler's win with real interest.
You see, I'm a big Thaler fan for one very good reason: When it comes to the economy and the stock market – and the role investor emotion plays – nobody "gets it" like Thaler.
And right now, Thaler says he's "nervous" about stocks.
"We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping," Thaler told Bloomberg Markets. "I admit to not understanding it."
Take it from me: This is a guy you need to listen to. I have – for years.
In fact, in our 1998 book, "Contrarian Investing: How to Buy and Sell When Others Won't and Make Money Doing It," my money manager co-author Anthony M. Gallea and I cited Thaler's work as a foundation for our out-of-favor stocks strategy.
And after years of having his research and theories on behavioral finance ballyhooed by the "smart money," Thaler's views are now taken as investing gospel.
However, elevating Thaler's cautionary comments to fire-drill status – and cashing out of stocks completely – may not be the answer, either.
After all, members of the gloom-and-doom crowd have been predicting disaster for several years now – and have lost out on trillions in wealth as U.S. stocks have set one record after another.
Indeed, take heart – there's a middle ground. And it's a good, profitable place to be.
Unlike most "compromise" stances, our "middle-ground strategy" is a powerful one: We'll keep grabbing the gains as long as the bull market rages. And when the inevitable decline comes, we'll cash in while the rest of the crowd panics.
So today, I want to show you more about this strategy we use constantly, pioneered by Professor – and now Nobel Laureate – Thaler.Drilling down into Prof. Thaler's savvy take on the stock market's inner workings is the perfect place to start...
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