Do we have the capability to eliminate booms and busts in economic activity? The answer in my judgment is no, because there is no tool to change human nature. Too often people are prone to recurring bouts of optimism and pessimism.
May 20, 2010
This week we offer up another edition of Frank Thoughts. In this edition, Frank reflects back to a round a golf he played back in 1966 and the lesson he learned that day: the importace of luck in business.
THE RICHEST MAN IN THE CLUB
The put put put sound of a gas powered golf cart was...
May 14, 2010
Two weeks ago I made a reference to Contravisory founder Ed Noonan's 10 rules for investing, sharing rule #5 about the dangers of a unanimity of opinion. Since that posting, several people have asked me to share the rest of his rules for investing. Before listing the rules, a quick word on Ed. Ed got his start in the...