“Every year I talk to the executives of a thousand companies, and I can't avoid hearing from the various gold bugs, interest rate disciples, Federal Reserve watchers, and fiscal mystics quoted in the ...
Looking back on one’s predictions is an often humbling exercise. It is now time for me to look back on my ten surprises for the tumultuous year that was, 2011.
First let’s recap. The year 2011 starte...
“Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.”
- William E Simon (...
“Demographics is the single most important factor that nobody pays attention to.” - Peter Drucker
Estimating a country's Gross Domestic Product (GDP) in the short term can be difficult and is subject ...
Every year thousands of Americans and other citizens of the developed world pack their bags and head out on vacation. Many are not going there just to sit on the beach, however, they are going because...
“Would you tell me, please, which way I ought to go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
- Lewis Carroll, Alice’s Adventures in Wonderland
For Halloween...
Much ink and airtime has been spent gnashing over the European sovereign debt crisis. One of the unfortunate side effects of the worlds' almost obsessive macro focus is the fantastic microeconomic sit...
Last weekend throughout the United States, and across three other continents, the “Occupy Wall Street” (“OWS”) movement continued to gather steam.
Although it is easy to dismiss these protesters (the ...
Reading Michael Lewis' ‘Moneyball' just over a year ago, I thought the shrewdness of Billy Beane offered some great analogies for investors. As ‘Moneyball' recently hit the big screen I decided to pul...
“It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy ... If a foreign country can supply us with a commodity cheaper th...
