“Adam Smith was a radical and a revolutionary in his time — just as those of us who preach laissez-faire are in our time.” — Milton Friedman (1976) Last week, I was on a panel at the Association of Private Enterprise Education (APEE) meetings in Las Vegas. We were there to review the new biography, […]
“Avoid investing in those countries with a high level of socialist or government regulation of business. Business growth depends on a strong free-enterprise system.” — Sir John Templeton (“Maxims of Wall Street,” p. 148) Special Alert: Today I announce the world’s most sought-after speaker at FreedomFest. See below. For years I’ve avoided recommending country funds […]
If you read the Wall Street Journal today (4/5/2024), you may have run into my article on gross output (GO). It is a huge honor to be given this privilege, and I hope you enjoy reading it! […]
“It’s amazing the depth of wisdom one can find in just one or two lines from your book. I have it on my desk and refer to it daily.” –Dennis Gartman, editor, The Gartman Letter “Every quote is a lesson in finance. It’s my favorite book.” — Kim Githler, president and founder, The MoneyShow Over […]
“Little else is required to carry a state from the lowest barbarism to the highest degree of opulence but peace, easy taxes and a tolerable administration of justice.” — Adam Smith (1755) My wife Jo Ann and I are on the Regent Seven Seas Navigator on the Forbes Cruise to Asia, where I am a […]
“Never fight the Fed.” — Marty Zweig “Don’t fight the Fed — fear the Fed.” — Michael Sincere (MarketWatch) The markets — stocks, tech, bitcoin, gold and even uranium — rallied after Fed Chairman Jay Powell maintained his stance to cut interest rates three times in 2024 once inflation has subdued. Since price inflation is staying stubbornly high at […]
“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 […]
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