• Olstein: Make money NOT predicting the market

    Bob Olstein, Chairman and Chief Investment Officer of The Olstein Funds, says there are ways to profit from panics as people try to predict the markets’ direction.

    Bob Olstein, Chairman and Chief Investment Officer of The Olstein Funds, has been managing money for over forty years. He says Wall Street has been feeding myths to investors for years to the detriment of the public.

    In yesterday’s first of a three-part interview, Olstein explained that a good company is not always a good investment.

    In today’s installment, Olstein says there’s another myth that Wall Street has been fostering in the minds of the masses: The idea that the market moves in the direction of major economic indicators.

    (Read: U.S. government shuts down, next steps unclear)

    “Since the Crusades, nobody has ever predicted the stock market with any degree of regularity to profit therefrom,” says Olstein.

    His proof?

    “There are no trillionaires out there,” he says. If anyone could accurately predict it the markets

    Read More »from Olstein: Make money NOT predicting the market
  • Hedge funds are bidding up this stock

    Anthony Scaramucci, Founder and Co-Managing Partner at SkyBridge Cpaital and a CNBC contributor, says Sotheby’s is the stock hedge fund managers are talking about these days.

    It’s nearly three-centuries old but these days, Sotheby’s is giving investors returns to rival a few young Internet companies. And that has gotten it noticed by some of the world’s biggest fund hedge managers.

    Anthony Scaramucci, Founder and Co-Managing Partner at SkyBridge Cpaital and a CNBC contributor, says Sotheby’s is the stock hedge fund managers are talking about these days. SkyBridge manages over $8 billion and is also the organizer of the annual SALT Conference, one of the most important gatherings of fund managers in the world. Few people are as in-touch with what hedge funds are doing than Scaramucci.

    (Read: Sotheby's upgraded)

    Some of the big names include Daniel Loeb’s Third Point and Nelson Peltz’s Trian; they each own more than 3% of the company. Mic McGuire’s Marcato Capital owns about 7% of the

    Read More »from Hedge funds are bidding up this stock
  • Bob Olstein, Chairman and Chief Investment Officer of The Olstein Funds, says Wall Street uses three big myths to lure investors. In this segment, he tackles one of the biggest ones.

    There are rules, and there are myths. And Bob Olstein amassed huge wealth not by following the former, but rather by avoiding the latter.

    Bob Olstein is the Chairman and Chief Investment Officer of The Olstein Funds. He's been managing and making money for his clients for over forty years. In other words, he's made money in all kinds of markets.

    "Investors don't realize just how many myths are out there," Olstein told Talking Numbers. "Basically, there are all these myths that Wall Street uses to lure investors into making investments. And they're just not good advice."

    So what are the three biggest myths Bob Olstein says you should avoid? Well, all this week, Olstein is revealing them to Talking Numbers one at a time.

    First up, myth number one:

    "A good company is a good investment."

    This runs

    Read More »from Olstein: This is the biggest investing myth
  • Nation’s top broker: Three reasons we’re not in a housing bubble

    Home prices are on the rise but is there a housing bubble? Dolly Lenz says there are three reasons why there isn’t.

    Single-family home prices in the 20 large US cities are still going up, just not as fast as they were the month before. Some of that had to do with Ben Bernanke and the Fed. But one of real estate’s biggest names says there’s no reason to believe we’re in a housing bubble.

    Yesterday, the S&P/ Case Shiller 20-City Composite Home Price Index rose 0.6% in July on a seasonally-adjusted basis, compared to 0.9% in June.

    That doesn’t mean the index is at its peak, however. Set at 100 in January 2000, the index topped out at 206.52 in July 2006 – double what it was 6.5 years before. The index is currently at 162.49, up 1.8% on a non-adjusted basis from June.

    (Read more: Single family home prices rise, but at less feverish pace)

    How would homeowners have done if they were treating their residence as an investment?

    Measuring from June 2013, single-family homes in these 20 cities

    Read More »from Nation’s top broker: Three reasons we’re not in a housing bubble
  • Fleckenstein: Why there’s not much risk in gold

    Gold remains in the $1,300 per troy ounce range. Is it a buying opportunity? Yes, says one contrarian fund manager.

    Two years ago, gold was above $1,900 per troy ounce. Many were predicting gold would easily break the $2,000 mark and then some. After all, the Federal Reserve Bank was buying bonds at a breakneck pace, adding dollars into the financial system.

    (Read: Gold settles lower on caution over US policy outlook)

    Fast forward 24 months later. Not only did the Fed up its bond-buying to $85 billion per month back in December, they’ve also decided not to taper it after hinting they’d do so earlier. So what does go do? It’s down $600 from its all-time highs.

    In an interview with Talking Numbers, noted contrarian Bill Fleckenstein of Fleckenstein Capital says he thinks gold is headed “higher and quite a bit higher… Gold has everything you can ask for going for it and sentiment is incredibly negative. So, I think there isn’t much risk at these prices.”

    (Read: 'Dr. Doom' Roubini makes

    Read More »from Fleckenstein: Why there’s not much risk in gold

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About Talking Numbers

TALKING NUMBERS is a fully integrated media experience, hosted by CNBC and Yahoo! Finance, that takes a 360° approach to trading-highlighting the best investment opportunities by analyzing stocks both a technical and a fundamental point of view. But TALKING NUMBERS will do more than just tell investors what to buy; it will show them HOW to buy. Our goal: teach viewers how to harness both technical and fundamental data points so they can become better investors.