Investor CAFÉ Newsletters

How to Get Rid of a Bad Idea (Democratic Socialism)


“Avoid investing in countries with high levels of socialistic or government regulation of business. Business growth depends on a strong free-enterprise system.” — Sir John Templeton (quoted in “The Maxims of Wall Street,” p. 137) The great Austrian economist Ludwig von Mises (1881-1973) was once asked, “What’s the difference between socialism and capitalism?” He answered, “The stock market.” Countries that […]

Steve Forbes Innovates Again With ‘What’s Ahead’


Steve Forbes is famous for publishing the premier business magazine, Forbes (and; trying his hand at politics (running for President twice); writing great books on economics and becoming the #1 fan of “the world’s largest gathering of free minds,” the FreedomFest conference that takes place in Las Vegas every July. He attends all three-and-a-half days […]

Has Warren Buffett Lost His Magic Touch?


“Someone is sitting in the shade today because someone planted a tree a long time ago.” — Warren Buffett I’ve been a long-time shareholder in Warren Buffett’s company Berkshire-Hathaway and a devoted student to his techniques of making money. I attended the 50th anniversary shareholder meeting in 2015 and have personally interviewed the Oracle of Omaha. Warren […]

Why Gold and Silver Outperformed This Year


“Buy gold at any level.” — Mark Mobius “You’ve endured the pain, why not enjoy the gain?” — Rick Rule Gold and silver have taken off in 2019 and are likely to move higher. It has been a long time since gold, silver and mining stocks were in the limelight. Precious metals suffered through a bear market lasting […]

Seeing a Slowdown, but No Recession!


A survey by the National Association for Business Economists this week showed that 74% of economists now predict a recession before 2021. What could cause a recession? It could be a combination of factors — the U.S.-China trade war, tight money or a geo-political disaster. In July, the U.S. government announced that real gross output (GO), the […]

Surprise! 100% of Workers in This Country Invest in Stocks


Surprise, Surprise! 100% of Workers in This Country Invest in Stocks I’m on a two-week working vacation cruise to Scandinavia with my wife and daughter (who is a figure skater on board the Explorer of the Seas). In exploring the European countries of Norway, Denmark, Estonia, Finland and Sweden, I was surprised by the incredible economic […]

Do You Have Money to Burn?


“The hardest thing in the world is for young people to save and old people to spend.” — “The Maxims of Wall Street” (p. 21) The first section of my book, “The Maxims of Wall Street,” focuses on the vital necessity of saving, investing and spending your money wisely. I find that people have four […]

Winning the Loser’s Game


“What’s shocking is that simply by investing, most people actually make themselves poorer.  They’re just shooting themselves in the foot, over and over.” — Richard Bernstein On Sunday, the New York Times discussed a new study which showed that the average investor loses money in stocks and mutual funds over the long run. Investment strategist Richard Bernstein did a […]

Are We Heading for a Recession?


Does the following dire warning, issued last week, sound familiar? “I see a precarious economy that is built on debt — both household debt and corporate debt. I see a number of serious shocks on the horizon that could cause our economy’s shaky foundation to crumble.” It could have been said by super bear and FreedomFest […]

What I Learned from Steve Forbes


“Everyone is a disciplined, long-term investor… until the market goes down.” — Steve Forbes Steve Forbes, executive editor of Forbes magazine, has been a long-time friend. Last year, he presented me with the Triple Crown in Economics for my work in theory, history and education. (See photo below). You can read his comments here. Steve […]

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