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Lazy Man’s Way to Riches
“Most people are too busy making a living to make any money.” — Joe Karbo In the 1970s, when I was just getting started in the business world, I was fascinated with a full-page ad in a magazine which led with the title, “Lazy Man’s Way to Riches.” The subtitle read, “Most people are too busy […]
Why Ben Franklin Matters
“If you would not be forgotten, as soon as you are dead and rotten, either write things worth the reading or do things worth the writing.” — Ben Franklin On Monday, everyone wrote about Martin Luther King, Jr. But Jan. 17 was also Ben Franklin Day. Monday was the 316th anniversary of the birth of the founding father extraordinaire Benjamin […]
Is the Tide Turning in the Pandemic, Politics and Stocks?
“Only when the tide goes out do you discover who’s been swimming naked.” — Warren Buffett (“Maxims of Wall Street,” p. 123) Note: I have a special announcement today. See below. Are we seeing a turning of the tide this year when it comes to the fight against the pandemic, the November elections and the […]
The Greatest Pro-Investor Breakthrough in Wall Street History
“Most people are beaten up by the market instead of beating the market.” — Mark T. Hebner (“Maxims of Wall Street,” p. 194) What event signifies the greatest breakthrough in Wall Street history? It could be: A.) The creation of the Dow Jones Industrial Average in 1884. B.) The invention of mutual funds in the 1920s. C.) […]
Is the World’s Richest Man a Libertarian?
During this holiday season, we have something to cheer about. Move over, Charles Koch! It looks like Elon Musk, the CEO of Tesla and SpaceX and the world’s richest man, is a libertarian, with a small “l”. In a couple of interviews — with The Wall Street Journal and then with the Babylon Bee, a popular Christian conservative alternative to […]
Why I Tore Up Paul Samuelson’s Famous Textbook
Special Announcement about the Economy and the Stock Market: Before getting into today’s Skousen CAFÉ, the federal government released gross output (GO) — the measure of total spending in the economy — for the third quarter. Real GO rose 4% (after inflation), suggesting a slowdown in the economy, compared to the second quarter. However, real […]
Who’s Winning the Battle of Ideas, Milton Friedman or Paul Samuelson?
“As all history informs us, there has been in every state and kingdom a constant warfare between the governing and the governed; the one striving to obtain more for its support, and the other to pay less.” — Benjamin Franklin (1787) How many of you have kept in touch with your favorite teachers from high […]
Is the United States Becoming a Banana Republic?
“When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you — when you see corruption being rewarded and honesty becoming a self-sacrifice — you may know that your society is doomed.” — Francisco d’Aconia “Money Speech” from “Atlas […]
Check Out This Amazing Graph!
“The thing you should keep your eye on is what government spends, because that’s the true tax.” — Milton Friedman Remember when President Bill Clinton said, “The era of big government is over” in the 1996 State of Union Address? It was a shocking statement, but I was skeptical when he said it. That was the […]
The #1 Question I am Asked on Thanksgiving Day
“A bull market is one that can shake off even bad news.” — Don Gimpel (“Maxims of Wall Street,” p. 107) Thanksgiving is my favorite holiday. It is a time to relax, play a little football with family and friends, enjoy a sumptuous Turkey dinner and not worry about gift-giving. It is also a time […]
