Investor CAFÉ Newsletters

Get Ready For Stagflation


“This is the least responsible macroeconomic policy we’ve had in the last 40 years. The primary risk to the United States economy is overheating — and inflation… Policymakers need to accept economic reality. The moment has come to move past emergency policies.” — Larry Summers, Director, National Economic Council Larry Summers knows what he is talking […]

Peter Drucker’s Incredible Prophecy Comes True


“The private corporation represents the ideal social institution, the only free non-revolutionary way for a new social order. America must take the lead in building the free industrial society.” — Peter Drucker For my lifetime, most Americans looked to the government to solve the problems of poverty, unemployment, racism and inequality through a variety of social, […]

Are We Seeing the Return of Jimmy Carter?


Editor’s Note: Because of my bike injury, I can now write with only one hand for the next couple of months. To help out, my dear wife Jo Ann has graciously written today’s Skousen Cafe. My husband Mark and I were married in the spring of 1973 — Patriots Day, to be exact. An unpopular […]

Arnie vs. Jack: Who Was the Better Investor?


Originally published May 28, 2020 “I’d rather win one big tournament in my entire life than make the cut every week.” — Arnold Palmer (p. 160, “Maxims of Wall Street”) I’ve played golf most of my life and have always enjoyed the sport once I stopped keeping score! I especially remember the invitation I received from […]

The #1 Rule of Investing From the Wizard of Wall Street


Originally published on August 6, 2020. “The really great fortunes are made by concentration, not diversification.” — Gerald Loeb, “Maxims of Wall Street,” p. 157 Who is quoted the most in “The Maxims of Wall Street”? Among living legends, the Oracle of Omaha has the gift of wisdom. Warren Buffett is quoted 34 times in the new […]

How to Destroy American Ingenuity in One Easy Lesson


“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. 150) I met John Templeton, the founder of the Templeton Growth Fund when I lived in the Bahamas in the 1980s.  He made a […]

Doge Day on Wall Street: Will Doge Bite Bitcoin?


“Every dog has his day.” — Anon. “Money is never neutral.” — Ludwig von Mises There are over 4,000 varieties of digital currencies, a sign of an easy money tulipomania if there ever was one. Soon, there is going to be a falling out, and it will even hurt bitcoin, the top dog. Today, the new […]

My Secret Plan to Convert Students to Free-Market Economics and Sound Investing


 “The philosophers have only interpreted the world in various ways: the point, however, is to change it.” — Karl Marx on his tombstone (1883) In the 1930s, the Marxist philosophy Antonio Gramsci (1891-1937) wrote “The Prison Notebooks” while in prison.  In these notebooks, he came up with a brilliant idea to convert the world to Marxism and state socialism.  […]

Did the Fed Stop Reporting the Money Supply (M2)? Why Inflation is Coming Back


“Inflation is not a problem for this time as near as I can figure.  Right now, M2 [money supply] does not really have important implications. It is something we have to unlearn.” — Jay Powell, Fed Chairman Reports are circulating that the Federal Reserve has given up on reporting the money supply because it’s a […]

Special Alert! President Biden Bans Bitcoin, Institutes Fed Dollar


“Successful preservation of capital must overcome the handicaps of socialist governments, supposedly to help the masses.” — Gerald Loeb (quoted on p. 149 in “The Maxims of Wall Street”)  The headline is fiction. Today is April Fool’s Day. But it could happen. Billionaire guru Ray Dalio warned last week that Biden’s Treasury Secretary Janet Yellen will “probably ban Bitcoin” […]

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