“Perception is greater than reality.” I hate that saying – I’m a reality guy. I once tried to start a counter movement to political correctness called “actual correctness,” but I didn’t get very far. It seems people actually are not that interested in what is actually correct. People are interested in having what they want…
On November 11, 1918, in the French town of Compiegne, the Allies and Germany negotiated cessation of hostilities on the Western Front effective at 11:00 a.m. Paris Time. At the eleventh hour on the eleventh day of the eleventh month, the War to End All Wars was over. Armistice Day, celebrated throughout the western world,…
What happened to the European debt crisis that caused so much market turmoil in August and September? What happened to the slow U.S. economy and mountain of government debt that caused the U.S. credit rating to be downgraded by Standard and Poor’s? To my knowledge nothing has happened to fix these situations, but don’t tell…
The third quarter of 2011 was the worst quarter for investors since 2008. You are going to hear that scary phrase a lot, so brace yourself. This is one of those times when I would like to swoop in with all kinds of good news and prove that things are not as bad as they…
John Maynard Keynes is known by most as a famous economist whose creative ideas on smoothing out the rough edges of the business cycle have proven repeatedly not to work. However, during his life he was also a money manager and one of the greatest of all time. His ideas on investing have influenced many,…
