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…
The surfing life, I discovered against the backdrop of the city, is a venerable one. —Ed Thompson While visiting in Los Angeles one summer, I invited my niece Brooke to lunch. She was bright, beautiful, and had a law degree but was employed as a retail clerk. She was Read more…
An interesting email to come home from paradise to last night. None the less I appreciate the attempted solution. Nice idea but not the “only option”, and definitely not “easiest”. In fact, it speaks to the need for better knowledge of misperceptions that plagued us from the beginning. As Read more…