Diversification versus Diworsification Diversification is a means of wealth preservation that spreads investments among a range of assets and asset classes. It relies on the concept that owning different kinds of financial assets is less risky than owning only one type and requires an investor...
Wagging the Dog “Wagging the dog” is a synonym for a magician’s trick of focusing attention on a figurative “shiny object” to distract audiences from the magician’s slight-of-hand. “Wagging the dog” in a geopolitical context refers to a leader diverting the public’s attention from something...
A Delicate Balancing Act The NY Times on May 21st published an editorial entitled “Charity Won’t Solve Student Debt” the title of which spotlighted the student loan debt debacle crisis. Total student loan debt now stands at $1.56 trillion with more than 44 million Americans...
The Work Ethic and Demographics Many Americans believe that younger generations don’t have the same work ethic as their elders. They don’t put in the effort, or the hours, of older generations in trying to achieve the American Dream. They’re not as motivated for...
The Trade War with China: What’s America’s Beef? Some have argued that the Trump Administration’s tariffs against China are overdone, a flexing of unnecessary economic muscle for internal U.S. political purposes. That’s not the reality. China’s anti-World Trade Organization actions are illegal immoral mercantilist...