News of real interest.
“We tolerate complexity by failing to understand it. That’s the illusion of understanding.” Steven Sloman and Philip Fernbach, The Knowledge Illusion, 2017.
“But today we have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand. The result is that our possibilities of wealth may run to waste …Read post
For investors, it’s important to remember the “real” rate of return is critical. The “real” rate of return is often described as the “nominal” or stated rate of return minus the rate of inflation. Additionally, taxes decrease the net return from investing. In other words, if a portfolio is earning just enough to stay ahead of the general level of inflation and a portion of the …Read post
“We choose to go to the moon in this decade and do the other things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one that we are unwilling to postpone, and one which we intend to win.” John F. Kennedy, September 12, 1962.
The Tax Cuts and Jobs Act passed in late 2017 provided for tax incentives designed to encourage capital investment in local “zones” in an effort to spur economic development and job creation in distressed areas. The Opportunity Zone, or O-Zone, program encompasses over 8,000 census tracts and more than 30 million residents across the U.S. Texas has approximately 600 Opportunity Zones, with…Read post