A trickle of disappointing profits
That is why we spend so much effort trying to avoid the Big Loss. They’re always bigger than you think. You have $1 million in your account. The market goes down and you lose money.
The Daily Reckoning Australia
Meet the Real Boss
We are not borrowing from the future; we are stealing from it – spending money that we haven’t earned and never will earn. It’s a swindle, not honest finance. Borrowers will not repay.
Why the exchange rate matters the most
Currencies control the fate of your portfolio. Yet few investors bother to think about them. Here’s a reminder why they matter, so you don’t learn the hard way.
Degeneration and Decadence
In honest businesses, as in honest government, the ultimate challenge to the ‘deciders’ is to provide something worth more than it cost to produce. In business, this extra is a ‘profit.’
Running Out of Money
It is in writing where we find preserved the principles of our civilization; in Homer and the Bible…Smith, Hume, Jefferson…the separation of powers, the rule of law, and sound money.
It’s Worse Than You Thought
We are enjoying a couple of days, sweltering in Paris. The mercury soared to 95 degrees on Monday. Trees wilted. Sidewalks buckled. Tourists trudged from one crowded shrine to the next.
