Trevor Milton took his Phoenix-based company Nikola public June 4 and instantly became a billionaire. It hadn’t produced a single vehicle but had a market value of $28.8 billion days after its IPO. Three months later Trevor Milton’s cousin filed a formal complaint accusing him of groping her 21 ago. Read more…
Government was a beacon of clarity during another pandemic in 1349. Politicians being no different than now, had much to say about the crisis. Science, although in its infancy, had its own versions of Dr. Fauci types who also added to the mix because it was in everyone’s best interests Read more…
In business, truth is a hard thing to find. The King and Queen Spain told Christopher Columbus they would meet his request of Knighthood and a 10% royalty of all he had found in the new world. Ferdinand and Isabella were educated enough to know Columbus wouldn’t sail Read more…
None should, “seriously believe that bureaucrats in Washington will be able to “market time” well enough to spot asset price bubbles and regulate accordingly”. Let’s not emphasize behavioral economics By Scott Sumner The Atlantic has an article decrying the fact that economists are refusing to give behavioral economics a bigger role Read more…
If you really believe in evil, it’s because you want to feel better about your own life. That is fine with me because I want people to be happy and if that’s what it takes, okay with me. However, the truth is; most achieve because they worked hard for all Read more…
2,600-year-old wine ‘factory’ unearthed in Lebanon The oldest press found in the country was used by ancient Phoenicians to manufacture vintages once adored around the Mediterranean. Archaeologists have unearthed new evidence of the extensive overseas trade in wine by the ancient Phoenicians, with the discovery of the oldest wine press Read more…
A recent SMA Institute blog about leaving inheritances to charities that teach financial literacy, received shocking debate. Responses ranged from the brutish, by those feeling entitled to family money because they were at the very least, born. To those who believed giving children anything unearned was damaging. The article, “Entire Read more…
Four months and 3 days prior to this date, I took early retirement from Merrill Lynch after decades of leadership to discover and correct market misalignment’s my own way. Orchestrating an alliance of other Wall Street and Business Executives I founded a broker-dealer advisory firm that drove revenue & alpha Read more…
For fear your grace should fall. —David Bowie In sound economic models, people add value and there is a direct benefit. Corresponding reward usually is proportionate Read more…
God did not speak to me on Sunday, Fredrick Nietzsche did. “It is not doubt but certainty that drives you mad” Things that have been around for generations with rock-solid evidence we categorize as, “true.” We’re good at moving up the scale of certainty. We’re also good at taking somethings we Read more…