“Our destiny is frequently met in the very paths we take to avoid it.” – Jean de la Fontaine We are all products of our experiences. Sometimes in life we, or someone around us, make a mistake whose consequences are so painful we promise we will “never do that again.” Too often in those circumstances…
Oscar Wilde famously described a cynic as a man who “knows the price of everything but the value of nothing.” If he was right, Wall Street must be full of cynics. There really has been little news on the investment front of late. The Europeans have been on holiday – which, I must admit, is…
I first realized that I think differently than most people when I was a senior in high school. I was in Political Science class with Dr. Davies – one of those exceptional teachers that really made a difference in a lot of kids’ lives, including mine. Dr. Davies had asked the class to research the…
Volatility is making a comeback. I often joke that investors never get upset about upside volatility, but if they are wise they should. Risk is risk, and while it is exciting to take risks when they work out, eventually one will experience the downside. This last quarter has worked out pretty much like we thought…
Spanish Banks are getting bailed out…so why is everyone so gloomy? It seems that after two years of bailout after bailout, market participants have finally realized that one cannot escape indebtedness by borrowing more money. It is hard to believe it took this long for investors to figure that out, but then again it seems…
