“Human beings who can predict tomorrow’s stock market action quickly become wealthy. They are considered geniuses. If they could accurately predict the weather one week out, they’d be considered clairvoyant. Unfortunately, no person can consistently forecast the stock market even only one day out, or...
The Gordian Knot is a legend about Alexander the Great in which his cutting the Knot became a metaphor for solving an intractable problem. Alexander reputedly accomplished the seemingly impossible challenge of untying the Knot by efficiently slicing through it with his sword. America would find...
“Faking it 'til you make it” is a Silicon Valley maxim. Unfortunately, “faking it” at times means committing fraud, though determining what is "fraud" is complicated ...
As TLR wrote last year (here), since March 2009 investors have had no better alternative than to own equities …, which is why the acronym, TINA – There Is No Alternative –, has been applied to owning stocks over other asset classes. Although having an...
The Earth’s climate is changing …, but that’s not news. The Earth’s climate is constantly changing. The most recent changes mean a warming Earth. In what is the nearest thing to unanimity, the scientific community has concluded that the trend is up, up, up …, with...
The enactment by the Biden Administration of the $1.9 trillion American Rescue Plan (ARP) was a victory for labor over capitalists capital, one that many Americans believe created unintentional consequences for American businesses. Those consequences, however, were very much intended. They are an integral part...