My life as an investment professional was very different a few decades ago – before the machines won on Wall Street… Every Monday, the portfolio managers and analysts would gather in the conference room – usually at 10 a.m. – for the investment committee meeting. Our team managed billions of mutual-fund dollars. And our mentor, …
Market pundits fixate on round numbers and milestones… I remember “Dow 10,000″… then “Dow 20,000.” The index is well above 30,000 these days… And it could hit 40,000 as soon as this year. Imagine that… “Dow 40,000.” It’s the same story with individual stocks… Pundits love to talk about share prices. They debate when a …
This scenario plays out over and over again… A crisis occurs… The facts on the ground change… Things start looking up… And yet, the media keeps beating on the “fear” drum for many more months – or perhaps even years. You might remember the “double-dip recession” narrative from the 2008 housing crisis, for example. Cable-news …
Milton Friedman often called inflation the “cruelest tax”… The late, great economist is best known as the godfather of the Monetarist school of thought. His guiding principle revolved around the quantity of money… In short, throughout his decadeslong career, Friedman focused on how much money the Federal Reserve put into the economy… The more money …
Many folks feared the worst for Big Oil when Joe Biden became president… After all, Biden’s campaign included a big focus on “clean energy” sources – like wind and solar. He emphasized plans to shift the U.S. toward low or zero carbon energy production, “green” industry manufacturing, and other climate-friendly initiatives. A move toward clean …
How the Mainstream Media Is Getting Big Oil Wrong Read More »
Wall Street lives off “OPM”… That’s short for “other people’s money.” You might’ve heard this term before in relation to real estate… It’s a common strategy with “fix and flip” houses. By using OPM through a loan or other means to buy a property instead of an all-cash scenario, the real estate buyer can increase …
It’s Time to Make Money… With Other People’s Money Read More »
