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. Well, lo and behold this month it finally came out to be true. My biggest problem isn’t that we were lied to
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 that a “positive personal personality preserves athletic performance by decelerating
“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 beer and hot dogs, but also thought and gratitude for
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 most of these episodes anyway. ~ Ed Borgato I know
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 off. It was a sign of wealth that a man
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 extensions and loan term modifications helped mask early distress signals
“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 advance of the state. The state is not the solution.”
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 15 couples will take (or renew) their vows on the
“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, normally sensible people drift into behavior akin to that of
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 state of the economy at the moment is a conundrum.
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
