Shopmas now begins on Thanksgiving Day. Apparently, escaping the families you cannot stand to spend another minute with on Thanksgiving Day to go buy them gifts is how some Americans show their affection for one another. Weird.Collection: Thanksgiving
The way we finance homes in this country is slow, filled with middlemen, who run a nonstandardized evaluation process. This makes financing a home cumbersome and difficult.Collection: Finance
I credit Google for having the foresight to identify threats to its main business of selling advertising against search results. The potential loss of market share in the mobile space led them to the Android acquisition.Collection: Space
The beauty of diversification is it's about as close as you can get to a free lunch in investing.Collection: Beauty
There is a shortage of doctors, and the American Medical Association is aiming to keep it that way.Collection: Medical
The market is going to love it. The market always seems to applaud major mergers, even though the vast majority of them don't work out and don't increase shareholder value.Collection: Work Out
This ugly duckling investment will likely need time - quarters, or even years - to blossom into a beautiful swan.Collection: Beautiful
The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.Collection: Intelligent
Never forget this simple truism: Forecasting is marketing, plain and simple.Collection: Simple
Salesmen always need something to sell.Collection: Needs
If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.Collection: Accountability
It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.Collection: Years
You can blow on the dice all you want, but whether they come up seven is still a function of random luck.Collection: Blow
Rather than engage in the sort of selective retention that so many investors tend to do and pretend mistakes never happened, I prefer to own them. This allows me to learn from them and, with any luck, avoid making the same errors again.Collection: Mistake
One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.Collection: Accountability
Returnless risk is not how you prepare for a decent retirement.Collection: Retirement
Unlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don't go to zero) and a higher probability of average or better returns.Collection: Zero
History is replete with examples of tech firms that were marginalized by new companies and technologies.Collection: Technology
For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation. The Boskin Commission... was an act of cowardice. Rather than man up and say fix this, its broken, we can't afford it.Collection: Men
'Excessive regulation in the banking reform bill will destroy a substantial part of our bond-distributing machinery. Can anyone expect that a step of this kind will improve the quality of our long-term investments?'Collection: Long
I find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970's, which was a pretty dismal period and not just because of polyester and disco.Collection: Thinking
Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing...Collection: Intellectual