Recently I got an e-mail from my friend Kid Dynamite. He asked me an interesting question about pensions and long-duration bonds: “back to the concept of century bonds. I’m not sure if you read my recent...
Read MoreThis is a basic book. A very, very basic book. Did I mention this is a basic book? Well, it is a basic book. Sorry about that. When you read a lot of sophisticated stuff on investing regularly, and then...
Read MoreAugust 2010 September 2010 Comments Information received since the Federal Open Market Committee met in June indicates that the pace of recovery in output and employment has slowed in recent months. Information received since...
Read MoreWhen I get a book on asset allocation in the mail, I say to myself, “Another book on asset allocation? What is there to say that is new on the topic?” Tonight I review two decidedly different books, and end up...
Read MoreFor those that have e-mailed me about equity management, I will get back to you soon; I have been tied up in details of getting my assets management business going recently. =-=-=–==–=-==–==-=-=-=-=-=-=- If you...
Read MoreWhen I wrote yesterday, I did not consider everything that I regard as unfair, just a small portion of it, and I thank my readers for responding and expanding my view. Some thoughts: I was decidedly not a a fan of the Bush...
Read MoreTime out. Time to have an elementary school education for those that lead us, who have pretensions to understanding economics, at least in terms of how people really work, not the idealized Homo Oeconomicus of the...
Read MoreIf you are not into accounting, you can skip this review. Before you skip it, though, ask yourself a question. Do you rely on financial statements? Most of us do whether we admit it or not, but accounting rules for...
Read MoreI like my son Peter. He works hard, but is occasionally overconfident. (Where does he get that from? ) A typical example: Peter: No, Dad, I am right on this Precalculus problem. The book is wrong. Me:...
Read MoreWhen life gives you lemons, make lemonade. Over two dozen people that survived losing a lot of their money in the Madoff Ponzi scheme wrote down their stories. For one thing, I’m sure it was cathartic to do...
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