In my July letter, I linked to some extra credit reading ZeroHedge.com about the Fed overstating U.S. jobs by about 800,000. Most thought, this just cannot be possible.

The term “ganbatte” is a Japanese art form that means “do your best” or “keep going.” “Ganbatte! The Japanese Art of Always Moving Forward” by Albert Liebermann explains this Japanese philosophy of perseverance, resilience, and continuous improvement. I recently read

“America seeks to be a free people. But if they lack common sense, they shall get what they deserve.” ~ Benjamin Franklin First, let me wish you all a happy 4th of July! May it not just be filled with

Markets are a field where dumb things sometimes work. Ignorance can win; and experience can lose. This is just the nature of the game. Best to accept occasional absurdities then to shoulder the distraction of anger over them. Time cures

Back in the day they cooked in the kitchen with a big pot that hung over the fire. Sometimes they would obtain pork, which made them feel special. When visitors came over, they would hang up their bacon to show

Wade Boggs, Steve Garvey and Pete Rose are in a bar. Boggs says, “I am going to ask her out.” Garvey replied, “You can’t do that, she’s carrying my baby.” To which Pete Rose added, “You wanna bet? Last year’s

“Do not be intimidated by the political caste or by parasites who live off the state…if you make money, it’s because you offer a better product at a better price, thereby contributing to general well-being. Do not surrender to the

The Empire State Building in New York City played a prominent role in the movie Sleepless in Seattle with Meg Ryan (The queen of rom-coms When Harry Met Sally and You’ve Got Mail). This year on Valentines Day, more than

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind,

A woman goes into the post office to buy stamps for her Christmas cards. “What denomination?” the clerk asked. “Oh, good heavens! Have we come to this?” the woman asks. “Well, give me 50 Catholics and 50 Baptists.” Explaining the