Investor CAFÉ Newsletters

The One Thing Missing from the College Classroom

01/11/2024

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 […]

The Little-Known Reason We’ve Avoided a Recession (So Far)

01/04/2024

“Supply-side tax cuts put a resilient floor under economy and boosted profits, despite Fed hitting the brakes.” — Larry Kudlow, Fox Business The economy has surprised many pundits who have predicted an economic tsunami and a stock market collapse in the face of the Fed’s aggressive tight-money policy. My monetarist friends such as Steve Hanke […]

Bizarre Books in My Basement

12/28/2023

The holidays are a good time to read a good book. Nothing heavy, but just light entertainment. Over the years, I’ve collected books with strange and provocative titles. I even have a book entitled “Bizarre Books,” by Russel Ash and Brian Lake. Last August, I wrote a column based on the intriguing title, “The Courage to Be Disliked.” […]

Outlook for 2024: Down We GO?

12/21/2023

It’s at least conceivable that gross output is a leading indicator of the economy.” — Peter Coy, Economics Editor, NY Times One of the highlights this year was my gross output (GO) statistic making the Aug. 7 issue of TheNew York Times: “What GDP’s Cousin Can Tell Us About the Economy.” See it here. Gross output […]

Is It Time to Catch Latin Fever?

12/14/2023

“Don’t buy what’s hot — buy what’s not!” — Rick Rule (“Maxims of Wall Street,” p. 38) Special Note: Attention all holiday shoppers and subscribers: Orders for my books are still coming in. Before I left on my Latin American cruise, I signed copies of the new editions of “The Maxims of Wall Street” and “Economic Logic.” […]

Three Cheers for the Magnificent Seven

12/07/2023

“It’s not a stock market, it’s a market of stocks.” — “Maxims of Wall Street,” p. 158. Special Note: Attention all subscribers: This coming weekend, I’ll be joining the Eagle cruise to Central and South America. If you would like to order copies of my books in time for Christmas, now is the time to […]

One Quote Made Warren Buffett the World’s No. 1 Investor

11/30/2023

“Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation.” — Warren Buffett Charlie Munger, Vice Chairman of Berkshire Hathaway and Warren Buffett’s sidekick for more five decades, died this week at the age of 99. He was hoping to celebrate his 100th birthday on January 1, 2024. […]

‘The Incident’ Transformed This Hollywood Producer: A Thanksgiving Story

11/23/2023

“Be not forgetful to entertain strangers: for thereby some have entertained angels unawares.” — Hebrews 13:2 Frank Capra (1897-1991) was the Oscar-winning Italian-American film maker of “It Happened One Night,” “You Can’t Take It with You,” “Mr. Smith Goes to Washington” and the most famous of all, “It’s a Wonderful Life.” He worked with some […]

The Fed is Missing a Key Ingredient for a ‘Soft Landing’

11/16/2023

“Don’t fight the Fed — fear the Fed!” — Michael Sincere, MarketWatch (“Maxims of Wall Street,” p. 148) Last week, I gave the opening lecture at Hillsdale College on “The Genius of Adam Smith” as part of a “Great Economists” conference. But it was the final speaker who created the most controversy: Nicholas Wapshott, author […]

Why Did this Happen? This Chart Says It All

11/09/2023

“Inflation is everywhere and anywhere a monetary phenomenon.” — Milton Friedman At last week’s Mont Pelerin Society meetings in Bretton Woods, New Hampshire, I organized an “ad hoc” session and invited several dozen guests, including government leaders, to respond to one of the most incredible charts I’ve ever seen. Your editor showing the “permanent inflation” […]

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