My flight got in late that August evening in 2001. Corporate travel had booked me into some random “executive” hotel. I thought the cab driver had made a mistake when he dropped me off, because it didn’t even look like a hotel. The room was the smallest hotel room I had ever seen, which remains…
A recent Gallup poll suggests only 54 percent of Americans have a favorable opinion of capitalism. The same poll says that 81 percent of Americans approve of “free enterprise.” This is proof positive that at least 27 percent of Americans would fail a basic vocabulary test (and that 19 percent of Americans are just plain…
A few years ago, my then-preteen daughter became obsessed with eating at Cracker Barrel. If she had eaten at one before, she did not remember. That isn’t because her parents have anything against Cracker Barrel, we do not – we are both 100 percent Southern, and I won’t speak for my wife and her family,…
“Why The Global Economy Will Begin To Collapse In Eight Days” – This headline greeted me in my Substack feed upon my return from a family vacation. Unfortunately, by the time I saw the article it had been 14 days since it was published. I was too late. After 30-plus years of prudently investing my…
Rule one: When you realize you have made a mistake, don’t make it worse. That seems like such an easy concept, but it is so hard in real life. It is our nature to fixate on the original mistake instead of dealing with where we are now. This happens in investing all the time: An…
