As we have witnessed in recent political debates politicians without practical economic training create smokescreens to distract from actual details of economic understanding and pit one side against the other to avoid truth. Donald Trump bullied federal reserve chairman Powell who had no part of Whitehouse fiscal policy. Joe Biden Read more…
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…
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…
With reopening efforts underway in most states, the American economy now needs a rebound in consumer demand, and small and midsize business (SMB) leaders must show consumers they’re prepared to safely lead the recovery for employees and customers alike. Throughout the pandemic, I’ve heard from hundreds of CEOs as Read more…
As darkness falls, I can hear them telling stories. The scent of cigarettes. There’s danger in the air. —Alejandro Escovedo Chapter 6 Inner Compass It makes no difference who came before whom. All Americans are immigrants. Everyone can trace their starting roots in this county—even the homo Read more…
Civil Disobedience By Henry David Thoreau 1849 I heartily accept the motto, “That government is best which governs least”; and I should like to see it acted up to more rapidly and systematically. Carried out, it finally amounts to this, which also I believe- “That government is best which governs Read more…