Resignation about Goldman Sachs

By now, most of you have probably read the Op-Ed below that was printed on March 14 in the New York...

“The Notes: Ronald Reagan’s Private Collection of Stories and Wisdom”

Reagan quotes Bastiat about government and liberty...

Congratulations! We made not just smoke but mirrors, as well.

Neither party is serious about budget reform. Does it matter? Who knows. But if you so choose,...

“Myths” about the debt ceiling

We write a lot about the lies, misunderstandings, and persistent myths about the economy and...

Did I miss the “All Clear”?

Muddied what outlook?  Was there an outlook?  Did they ring the bell?  Were the economic...

The Four Branches of Government

[Sarcasm alert]  Recently Senator Chuck Schumer was talking about raising the debt ceiling and...

To paraphrase Keynes: It’s the paradox of shift

To paraphrase Keynes: It’s the paradox of shift

The "paradox of shift." We have met the enemy and he is us. We all want tax simplication and there...

Buffet and Mandelbrot versus Modern Portfolio Theory

Benoit Mandelbrot evicerates Modern Portfolio Theory by simply pointing out that two (of two) of...

The 86 Biggest Lies on Wall Street — Lie #29

The 86 Biggest Lies on Wall Street — Lie #29

The 86 Biggest Lies on Wall Street by John Talbott. Lie #29: In the long run stocks outperform...

BlackRock’s Doll is Bullish… but that’s not helpful at all

BlackRock’s Doll is Bullish… but that’s not helpful at all

Robert Doll of BlackRock is bullish but says returns for 2011 will be between 20% in the black and...

“Suitable” suits brokers just fine, thank you very much

Most financial advisors do not want to be held to a high standard. "Suitable" should be enough,...

Why the Economy is like Football

Why the Economy is like Football

Like the outcome of a football game, the outcome of economy is unpredictable -- despite having data...

Happy New Year! We resolve to help you. Click title to see how.

Happy New Year. We provide you with information that is useful to you as you structure and manage...

The Magi brought gold and, later, understanding

The Magi brought gold and, later, understanding

The physical sciences let us look back into the sky of 4 BC and into the future to see when...

The net worth of having a financial advisor

The net worth of having a financial advisor

Here’s some inside baseball from Financial Planning magazine, a publication for financial...

Where’s gridlock when you need it?

Usually a compromise requires sacrifice of both parties. It's funny to call it a compromise when...

You can’t make me put clients first!

Regulators may impose a fiduciary standard for financial services professionals. But many do not...

Barking up the wrong Holy Grail

Barking up the wrong Holy Grail

No amount of education will get you to a place where you can come up with the unchallenged answer....

Good news and Bad news and Good news for Thanksgiving.

Good news and Bad news and Good news for Thanksgiving.

If you are investor, you are probably someone else's lunch. Compete only in areas where you have a...

  • Resignation about Goldman Sachs

    By now, most of you have probably read the Op-Ed below that was printed on March 14 in the New York Times.  Perhaps you have read also “The Big Short,” as well.  Or Michael Lewis’s “Boomerang.”  At the moment, let’s focus on the high-profile Goldman resignation.   After you read or re-read it, my suggestion […]

    Posted on 23rd Mar 2012 0 comments
  • “The Notes: Ronald Reagan’s Private Collection of Stories and Wisdom”

    Reagan quotes Bastiat about government and liberty

    Posted on 30th May 2011 0 comments
  • Congratulations! We made not just smoke but mirrors, as well.

    Neither party is serious about budget reform. Does it matter? Who knows. But if you so choose, that’s your hidden strength as an investor.

    Posted on 11th Apr 2011 0 comments
  • “Myths” about the debt ceiling

    We write a lot about the lies, misunderstandings, and persistent myths about the economy and investing.  Myths are often dangerous precisely because people act as though they are true.  So I thought I would share with you a brief piece by Richard Rahn in the February 7th edition of the Washington Times. Full story: http://tinyurl.com/debtceilingmyths Without […]

    Posted on 10th Feb 2011 0 comments
  • Did I miss the “All Clear”?

    Muddied what outlook?  Was there an outlook?  Did they ring the bell?  Were the economic physicists in agreement about something?  Had we moved from unknown waters back to unchartered waters back to an ocean of certainty?  How did I miss all this? What a ridiculous headline.  To imply that there had been a meaningful consensus or, […]

    Posted on 5th Feb 2011 0 comments
  • The Four Branches of Government

    [Sarcasm alert]  Recently Senator Chuck Schumer was talking about raising the debt ceiling and mentioned the 3 branches of our government: The House, The Senate, and the President [sic, the Executive Branch].  He forgot to mention the 4th branch of government, the Supreme Court, and the 5th Estate, the Press.  YouTube clip here: http://www.youtube.com/watch?v=fG0Jpu9geWY Apart […]

    Posted on 1st Feb 2011 1 comment
  • To paraphrase Keynes: It’s the paradox of shift To paraphrase Keynes: It’s the paradox of shift

    The “paradox of shift.” We have met the enemy and he is us. We all want tax simplication and there is strong bipartisan support for the idea but most of us would vote against it.

    Posted on 21st Jan 2011 1 comment
  • Buffet and Mandelbrot versus Modern Portfolio Theory

    Benoit Mandelbrot evicerates Modern Portfolio Theory by simply pointing out that two (of two) of its essential underprinnings are false. Karl Popper would be proud.

    Posted on 13th Jan 2011 0 comments