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.
June 15, 2020
When interest rates start to move higher, it will be considered a negative for the economy and the stock market. This reality started in in the middle of the last century. General Motors was the largest corporation in the world, but rising interest rates proved very difficult to overcome. That contrasts sharply with the cash Microsoft, Apple,...
June 08, 2020
In October of 2000 we were invited to speak at the Contrary Opinion Forum in Vergennes Vermont. The Forum had a long history, beginning in the 1960’s, of gathering an eclectic group of speakers which included climatologists, geologists, money managers, family office managers, individual investors, writers etc. The setting was gorgeous. The...
May 27, 2020
Over the years, I’ve always enjoyed going to growth stock conferences. You meet interesting people and learn about upcoming companies. Sometimes, you even learn about yourself. That happened years ago in Baltimore. For whatever reason, I was late at the start of the conference and decided to stand in the back of the room rather than disturb...
May 19, 2020
By no means are we out of the woods yet with the Coronavirus pandemic, but things are certainly trending in the right direction. The incredible social distancing efforts that Americans have endured has “flattened the curve” and our politicians are working to restore our society to some form of normalcy.
A return to normalcy is also...
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