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.
September 04, 2014
If you were to become a “rich man” would you live differently than you currently do … as in showcase your wealth? Most of us could never imagine that a friend could be one of the richest persons in the world … and that we would never know it. A person’s persona can conceal --- or show --- a great deal. Our impression...
August 11, 2014
As I entered the locker room, I heard my name called out. Cringing, I stopped and turned around slowly. The man who had called my name, “Cam” Deveny, walked up to me to ask what I knew would be the inevitable question. “Frank, what did General Electric do today?” “I don’t know,” was my answer. “Well,” he went on “then what did the...
June 11, 2014
It’s 9:30 in the morning at the New York Stock Exchange. A man presses a button that rings a bell and opens the exchange for business. Behind him is a giant billboard with 500 individual lights. Each light represents one of the 500 stocks in the S&P Index. On a typical day 485 bulbs may flash green signifying stocks that are...
March 13, 2014
“Do you have a Macy’s credit card?” asked the woman behind the counter. “No,” I replied shaking my head somewhat disdainfully side-to-side. “Who needs another credit card?” I thought. ‘Well, I ask because you can get another 20% off’ continued the woman. “Oh,” I said quietly to myself. “I’m getting 20% off because it’s on sale … and I can...
- ‹ previous
- 27 of 39
- next ›