Here’s Why You Should Drive A Junky Car

I was unhappily scrolling through Facebook the other day and saw that one of my smart friends had posted a dumb article about the excellent Toronto Raptors basketball player who, despite making nearly a hundred million dollars, still drives a 20-year-old beater SUV. Q1 hedge fund letters, conference, scoops etc Free-Photos [...]


Trump’s Trade War Is Paralyzing Business?

Last week the Business Roundtable, an organization of large company leaders, released its quarterly CEO Economic Outlook Index. Q1 hedge fund letters, conference, scoops etc kalhh / Pixabay The index tracks what executives expect for sales, capital spending, and hiring over the next six months. The good news is the index has been [...]


Please Don’t Buy The Dip In Nvidia Or Other Chip Stocks

What do an iPhone and Nike sneakers have in common? Q1 hedge fund letters, conference, scoops etc Both are made by iconic American companies. Both are also made in China. American goods used to be made in America. Then cheap labor transformed China into the “world’s factory.” Today we get 80% of our air conditioners, 70% of [...]


Why Ray Dalio Is Wrong On Capitalism

Ray Dalio is the thoughtful, somewhat controversial founder of the world’s largest hedge fund, Bridgewater Associates, which he started in 1975. While much of his writing is private, I (and many others) peruse every word we can of his and the Bridgewater team’s thinking. I find it to be some [...]


This Trade War Will Start A Recession, Or Worse…

The logic of Donald Trump’s multi-front trade war, if there is any, is increasingly obscure. Q1 hedge fund letters, conference, scoops etc By The White House from Washington, DC [Public domain], via Wikimedia CommonsThe tangled mix of policies isn’t accomplishing its stated goals and seems unlikely to ever do so. Meanwhile, it [...]


The Big Lie That Keeps Many Investors Poor

Today we’ll bust a big lie about investing. Q1 hedge fund letters, conference, scoops etc This big lie keeps many investors down. Belief in it is a tall hurdle to building wealth. How many times have you heard a statement like this? “The only way to make big profits is to take big risks.” This is [...]


This Is Why Monetary Policy Is So Ineffective

Back in the 1980s and 1990s, many people thought excessive government spending and the resulting debt would bring inflation or even hyperinflation. Q1 hedge fund letters, conference, scoops etc We wanted a hawkish Federal Reserve or, better yet, a gold standard to prevent it. Reality turned out differently. Federal debt rose steadily, [...]


These Three Stocks Love Low Interest Rates

Looks like the Federal Reserve will cut interest rates soon. Q1 hedge fund letters, conference, scoops etc Sure, the Fed announced it was leaving interest rates put last week. But I think the Fed will take this one step further and cut rates in the near future. The Fed lowers interest rates [...]


The End Of Risk-Free Retirement

In the last 150 years, we’ve had a number of innovations that radically changed the way we live. Q1 hedge fund letters, conference, scoops etc RitaE / Pixabay You can tick off the list: electricity, the automobile, refrigeration, TV, the Internet. But one innovation rarely makes those lists. It is just as [...]


The Good And The Bad Of Job Automation

People are worried robots will take their jobs. That’s a legitimate fear sometimes, but it’s not new. It is just another step in a process that started long ago. Q1 hedge fund letters, conference, scoops etc The bigger question is whether job automation is good. If we want the economy to grow, the [...]


How To Avoid Dividend Cutters

Many of you probably don’t have a telephone at home. Q1 hedge fund letters, conference, scoops etc mohamed_hassan / Pixabay I’m not talking about a cell phone. I’m talking about a phone plugged into the wall. The US Health Department reports that only 6.5% of homes are landline only, and most of them are [...]

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