The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to own them. This allows me to learn from them and, with any luck, avoid making the same errors again. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
Unlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don’t go to zero) and a higher probability of average or better returns. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
It is important for investors to understand what they do and don’t know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation. The Boskin Commission… was an act of cowardice. Rather than man up and say fix this, its broken, we can’t afford it. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
Returnless risk is not how you prepare for a decent retirement. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery. Can anyone expect that a step of this kind will improve the quality of our long-term investments?’ Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
History is replete with examples of tech firms that were marginalized by new companies and technologies. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
You can blow on the dice all you want, but whether they come up seven is still a function of random luck. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
I find it funny that people who didn’t think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970’s, which was a pretty dismal period and not just because of polyester and disco. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing… Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
This ugly duckling investment will likely need time – quarters, or even years – to blossom into a beautiful swan. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
Never forget this simple truism: Forecasting is marketing, plain and simple. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
The market is going to love it. The market always seems to applaud major mergers, even though the vast majority of them don’t work out and don’t increase shareholder value. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
Salesmen always need something to sell. Help us to share this great article. Your friends will appreciate it! 0share Facebook0 Twitter0 Pinterest0 LinkedIn0 Flipboard Tumblr0 Mix
