News of real interest.
“Opportunity is missed by most people because it’s dressed in overalls and looks like work.” Anonymous (though often attributed to Thomas Edison)
2018 got off to a bit of a bumpy start – volatility returned to financial markets and most asset classes posted negative returns in the first quarter. In the second quarter, investors continued to be buffeted by strong cross currents…Read post
Traditional economic theory suggests human beings behave rationally when making decisions. In other words, humans, on average, act in such a way as to maximize fulfillment of their needs and desires. Since earning wealth is assumed to be a good thing, and more wealth is assumed to be better than less wealth, it is further assumed that people make rational decisions in order to maximize their wealt…Read post
“I’m back baby, I’m back!” George Costanza, Seinfeld (Episode 65, Season 5)
Just when you thought market volatility was a thing of the past, it came roaring back in the first quarter of 2018. After a year of historical market quiescence, when stock market volatility was almost completely absent, volatility returned in the first quarter of 2018. In 2017 the S&P 500 had no d…Read post
“Years ago my mother used to say to me, she’d say, “In this world Elwood, you must be” – she always called me Elwood – “In this world Elwood, you must be oh so smart, or oh so pleasant.” Well, for years I was smart. I recommend pleasant. You may quote me.” Elwood P. Dowd (James Stewart), from Harvey, by Mary Chase.
With 2017 in the books, we can contemplate the rem…Read post