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.
March 11, 2019
If you created a computer system that could send signals close to the speed of light, would it make you a successful investor? You might respond, “What does the speed of light have to do with investing? That’s astrophysics.” You would be correct; it has nothing to do with investing. So why have astrophysicists made most of the money in...