Investor CAFÉ Newsletters
Adam Smith’s Incredible Prophecy Comes True!
“Adam Smith was a radical and revolutionary in his time—just as those of us who preach laissez faire are in our time.” – Milton Friedman “The Wealth of Nations is the most important book ever written about capitalism and its moral ramifications. It was intended to make men better, not just better off.” – Jerry […]
My Simple ‘High Total Return’ Formula for Financial Success
“A cow for her milk, A hen for her eggs, An orchard for its fruit, Bees for their honey, And stocks for their dividends.” — JOHN B. WILLIAMS From time to time, I get letters from people who have come into a considerable sum of money from an inheritance, an insurance policy, or having sold […]
This Little-Known Section of the Constitution Made America the World’s #1 SuperPower
This Little-Known Section of the Constitution Made America the World’s #1 SuperPower By Mark Skousen “America’s Economist” There is always one, more prosaic, test of a nation’s position: Are people trying to get into it; or to get out of it? I think we know the answer to that in America’s case; the United States […]
When Will This Time Bomb Explode?
“If the national debt rises for 60 years at the rate it has risen during the previous 30, it will then exceed $1.5 quadrillion. (A quadrillion is a thousand trillions).” — George Will (2023) The debate over raising the national debt limit has also sparked a longtime issue: Is the national debt at $31.5 trillion getting out […]
Two Professors of Finance Called the Top and Bottom on Wall Street
“The public is right during the trends, but wrong at both ends.” — Humphrey Neill (“Maxims of Wall Street,” p. 47) I’ve had the privilege of meeting and learning from some of the best and brightest in my lifetime — politicians Ronald Reagan and Bill Clinton… economists Milton Friedman and Friedrich Hayek… and financial gurus Burt Malkiel and Jeremy Siegal. I’ve known and corresponded with the […]
Does This Bull Market Have Legs?
“Bears make headlines, bulls make money.” — Maxims of Wall Street Last week, I had a big debate with Jon Wolfenbarger, an investment writer who is super bearish, on the Tom Woods Show. It was a fast-moving debate. Watch the sparks fly here. Cyclical traders say that, “As January goes, so goes the year” (“Maxims […]
The Most Dangerous Threat to Your Wealth Today
“You know who didn’t have any bad years? Bernie Madoff — until he got caught.” — Ken Fisher What is the most dangerous threat to your wealth today? You have several choices: Inflation Taxation Bear markets Bad investment advice Investment fraud With all these threats, one wonders if anyone can make it on Wall Street! […]
What’s the Big Idea?
“In the last 30 years, the reliability of empirical work and estimations has risen dramatically. Which is good. But few new important ideas have really been generated.” — Tyler Cowen (George Mason University) Earlier this month, the American Economic Association (AEA) had its annual meeting in New Orleans. Normally, I go to the AEA meetings, but not […]
Indiana Jones (A.K.A. Mark Skousen) Enters the Temple of Doom and Gloom!
Indiana Jones (A.K.A. Mark Skousen) Enters the Temple of Doom and Gloom! By Mark Skousen “If you want to be a good archeologist, you gotta get out of the library!” – Indiana Jones’s advice to students As many of you know, in addition to writing my investment newsletter, I have been a part-time […]
My 37-year-old Prediction Finally Comes True!
“A wise trader never ceases to study general conditions.” — Jesse Livermore (“Maxims of Wall Street,” p. 64) “The trend is your friend until the bend is at the end.” — Jurt Merkel (p. 112) In recent months at my home in Florida, I was going through some old editions of my newsletter, “Forecasts & Strategies,” and […]
