I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed is a reliable e-cash.–Milton Friedman, economist
Milton Friedman died in 2006. Bitcoin was launched in 2009.
Regular investors don’t need to have an encyclopedic mastery of every syllable of The Street’s colorful financial wordplay, but knowing the most important basic terms and concepts can add to a moreRead More…
There’s a lot of talk about recession these days, as if it were the first time we’d ever faced one. No, their not great, but we’ve been down this road before, 13Read More…
The Dow dropped 603 points on Friday, a 2% decline for January’s final session, still leaving the index priced at over 28,000. Because of the record highs in almost every index, specificallyRead More…
A “melt up,” seems a lot better than a melt down, right? A melt up is a dramatic increase in stock market performance (especially late in the cycle) driven by stampeding investorsRead More…
Monday December 24, 2018 The Dow Jones Industrial Average’s worst Christmas Eve performance since 1918 saw a close of 21,792.20. U.S. stocks were on track for their worst year since 2008, duringRead More…
“The taxpayer: that’s someone who works for the federal government, but doesn’t have to take a civil service examination.” –Ronald Reagan
One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute. -William Feather
“Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to “time” market movements, inadequate diversification, the payment of high and unnecessary feesRead More…
“What are the odds that people will make smart decisions about money if they don’t need to make smart decisions–if they can get rich making dumb decisions? The incentives on Wall StreetRead More…