What Rick Barry And The Atlanta Falcons Can Teach Us About Risk Management
Play the Game to Win – What Rick Barry And The Atlanta Falcons Can Teach Us About Risk Management “Something … Read more
Michael Lebowitz
The Soaring Popularity Of Passive Investing – Passive Negligence II
Almost a year ago, we stumbled upon a topic that is currently generating much discussion in the financial media. In … Read more
The Forgotten Path To Prosperity
“The record of history is absolutely crystal clear. There is no alternative way so far discovered of improving the lot … Read more
Echo Chamber
Since the U.S. economic recovery from the 2008 financial crisis, institutional economists began each subsequent year outlining their well-paid view … Read more
Building a portfolio based on prior performance is a surefire way to end up with subpar returns
It is that time of year when the markets play second fiddle to debates about which twelve seed could be … Read more
Trump Range Chart
On the night of the U.S. Presidential election, many investment assets went from a state of sheer panic at the … Read more
Fed Up – A Look Behind The Curtain
Danielle DiMartino Booth, a former Dallas Federal Reserve official, released a new book this week entitled Fed Up. The book, … Read more
The Lowest Common Denominator: Debt
At a recent investment conference, hedge fund billionaire Stanley Druckenmiller predicted that interest rates would continue rising. Specifically, he suggested … Read more
Earnings Growth, P/E Ratios – Great Expectations
“Never ever lose sight of long term relationships” Paul Krake – View from the Peak Throughout 2016 we highlighted that … Read more
Price Increases – Extrapolate At Your Own Risk
As we dig through S&P 500 price forecasts for the year 2017, we discover that a majority of “Wall Street’s … Read more
The Smoot-Hawley Tariff Act – Hoover’s Folly
In 1930, Herbert Hoover signed the Smoot-Hawley Tariff Act into law. As the world entered the early phases of the … Read more
“Normal” Equity Valuations, Rising Interest & Mortgage Rates – Deception
“Normal” Equity Valuations, Rising Interest & Mortgage Rates – Deception Janet Yellen At the December 14, 2016 FOMC press conference, … Read more
Banks In Drag : The Russell 2000 Exposed
In “Passive Negligence”, we highlighted how investors, on the margin, have been shifting from an active investment style to a … Read more
Confirmation Bias, Group Think, And Cognitive Dissonance – Mind Games
In “Bubbles and Elevators”, we discussed how human beings do seemingly ridiculous things to fulfill their instinctive need to mimic … Read more
A Narrative For Every Season
“All is for the best in the best of all possible worlds” – Voltaire (Candide/The Optimist) Consider the media headlines … Read more