“Never bet on the end of the world. It only comes once, which is pretty long odds.” — Arthur Cashin, New York Stock Exchange Floor Manager (“Maxims of Wall Street,” p. 110) Since Joe Biden gave his State of the Union (or shall we say “Disunion”) speech last week, I’ve encountered a plethora of negative […]
“A wise trader never ceases to study general conditions.” — Jesse Livermore, Speculator King (“Maxims of Wall Street,” p. 64) “Too much of a good thing can be wonderful.” — Mae West We’ve just witnessed one of the most successful money-making opportunities in our lifetimes in 2023-24, with record gains in stocks (due to the […]
“When I die, there are two people I want to meet, and one of them is Cleon Skousen. Have you ever read a book that literally changed the course of your thinking and your life? God bless Cleon Skousen for his untiring efforts to bring Constitutional principles back to this promised land.” – Glenn Beck […]
“Government is not reason, it’s not eloquence, it is force. Like fire, it is a dangerous servant and a fearful master.” — George Washington (attributed) Happy birthday, George Washington! It’s not often that a chart sends out a shocking message. This one does: The Ideal Inflation Hedge: Stocks, Gold, Real Estate or… Bitcoin? Over the […]
“The power to tax involves the power to destroy.” –Chief Justice John Marshall Recently, Tesla and Space X CEO Elon Musk was asked about the movement to tax the super rich, who are not paying their “fair share.” Here was his astonishing reply: “It does not make sense to take the job of capital allocation away […]
“Nothing is more difficult than holding on to your stocks in a bear market.” — Mike Turner (“Maxims of Wall Street,” p. 109) Even though he retired 34 years ago in 1990, Peter Lynch is a legend on Wall Street. He started off as the manager of a tiny mutual fund at Fidelity Investments in […]
“Most people are too busy earning a living to make any money.” – Joe Karbo, “The Lazy Man’s Way to Riches” “O wise humanity, terribly wise humanity! How inscrutable is the civilization where men toil and work and worry their hair gray to get a living and forget to play!” – Lin Yutang, “The Importance […]
“In the new order, socialism will triumph by first capturing the culture via infiltration of schools, universities, churches and the media by transforming the consciousness of society.” — Antonio Gramsci (1891-1937) I used to subscribe to both Sports Illustrated and Scientific American. Alas, Sports Illustrated started going downhill when it began publishing its “swimsuit” issue, […]
“By the collision of different sentiments, sparks of truth strike out, and political light is obtained.” — Benjamin Franklin Last week, I was walking through the exhibit hall of the American Economic Association (AEA) conference in San Antonio, Texas, and saw an interesting display called “VOTE.” I noticed a poster with the picture of the […]
Last weekend I attended and participated in the American Economic Association (AEA) meetings in the beautiful city of San Antonio, home of the Alamo and the famed Riverwalk. Somehow I was able to navigate through all the sessions on gender and discrimination and found a few important meetings on the economy, which is supposed to […]
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