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.
July 26, 2010
In this edition of Frank Thoughts, Frank makes the important distinction between being a brokerage customer and an investment advisory client.
In the financial business, the difference between a customer and a client has often been misunderstood … sometimes confused intentionally by the “high end”...