The first time I looked at the incredible chart below, I thought of the classic book, “Winning the Loser’s Game” by Charles Ellis. Last year, Richard Bernstein Advisors, using the research provided by Dalbar, put out a 20-year performance chart of most asset classes and compared it to the return of the “average investor.” Who […]
On September 14, 2011, I received a little book in the mail called “The End of America,” in which the author predicted chaos in America within 12 months. “I want to detail for you a specific event that will take place in America’s very near future… which could actually bring our country and our way […]
At the recent Las Vegas MoneyShow, I gave a talk on “Money & Politics: A Washington Insider Reveals the Surprising Secrets of Capitol Hill.” I had people standing in the room to hear my presentation with all the seats filled. If you missed it, I will be repeating the talk at this year’s big FreedomFest show. I shared several […]
The Los Angeles City Council demonstrated its ignorance of Economics 101 when the panel voted this week 12-1 to raise the minimum wage to $15 an hour by 2020 for millions of workers in the country’s second-largest city. United Farm Workers co-founder Dolores Huerta celebrated and said, “I think the economy will benefit and everyone […]
“We have an incredible economic system that unleashes the American spirit. We have a wonderful future ahead of us.” — Warren Buffett This is part 2 of my report on Warren Buffett’s 50th anniversary shareholder meeting, known as the “Woodstock of Capitalism.” Buffett told his adoring audience of more than 30,000 in Omaha that he was […]
“If investors weren’t so often wrong, we wouldn’t be rich.” — Charlie Munger As long-term subscribers know, I love to attend conferences and feel the pulse of investors. I think it makes me a better investment analyst. Over the years, I’ve attended them all — MoneyShows, the New Orleans Investment Conference, Milken Institute’s Global Conference, Investment […]
“The stock market and the economy are two different things.” — Milton Friedman The Nasdaq last week finally hit an all-time high, surpassing the 5,000 level achieved 15 years ago in March 2000. It took much longer for the Nasdaq to hit record highs than the Dow or the S&P 500 due to the dot-com frenzy […]
“I’m going to try and stay in the moment and be very patient… and understand it’s going to feel like a whole different tournament.” — Jordan Spieth I’m not a great golfer, just more of a hacker and lucky to keep my score under 100 in a round of golf. But I enjoy watching the sport […]
Walmart and McDonald’s recently have raised wages to $9 an hour or more, substantially higher than the federal minimum wage of $7.25 an hour. They did so following a highly publicized campaign by protesters to force McDonald’s to increase wages and benefits. Walmart, the notorious cost cutter, was under pressure to raise wages as well. Both companies […]
“When I was young, I thought that money was the most important thing in life; now that I am old, I know it is.” –Oscar Wilde Currently, I am reading Tony Robbins’s bestseller, “Money: Master the Game.” To be upfront, I’ve never been a fan of Tony Robbins and all the other motivational speakers who play […]
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