So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
As we pause to reflect on the sacrifices of so many for our great country this Memorial Day weekend, we wanted to take a moment to provide our thoughts and perspectives on the recent volatility across the capital markets landscape.
Reality is beginning to set in as Fed sanctioned risk taking is clearly coming to an end. Persistent,...
When a phrase of two words becomes famous, it’s not only apt to be truthful but powerfully accurate. “Creative destruction” was first articulated by Austrian economist Joseph Schumpter in 1942. He used the phrase to describe capitalism. It meant any innovation in the manufacturing process which increased productivity. Schumpter intended the...