Recent Articles
July 26, 2013
“Buy, buy, buy, says the sign in the shop window. Why, why, why, says the junk in the backyard?” -PAUL…
July 19, 2013
“Those classes of investments considered ‘best’ change from period, to period. The pathetic fallacy is what are thought to be…
July 12, 2013
“Money does not create wealth. Wealth creates money.” -CHARLES GAVE Wanted: Market strategist, one arm missing. It wasn’t just Dr. Richard…
June 28, 2013
“Frankly, I view the present course of monetary policy as reckless—not because it threatens inflation (which I don’t think it…
June 21, 2013
“You can always count on Americans to do the right thing—once they’ve tried everything else.” -WINSTON CHURCHILL Special message: Several…
June 14, 2013
“The great traders that I’ve known would joke about how their emotions would push them to do the wrong thing. …
June 7, 2013
“If you are not confused about the economy, you don’t understand it very well.” -CHARLIE MUNGER, Warren Buffett’s sidekick at…
May 31, 2013
“Just because a reversal of something unsustainable hasn’t happened yet, doesn’t mean it won’t.” -SUPER INVESTOR, SETH KLARMAN There they…
May 24, 2013
“I worry about the effects on the long-run stability of our financial system if the Fed attempts to substitute its…
April 12, 2013
“Inflation is a more fundamental danger than speculative investment. Some countries seem to be in the unusual situation where they…
April 5, 2013
“After a large number of snowflakes accumulate, a snow cap builds on a mountain. At some point, a single additional…
August 3, 2012
“Where is the wisdom we have lost in knowledge and where is the knowledge we have lost in information.” -T.…