The tottering point

You may have heard of the famous book, “The Tipping Point.”  The title is so perfect, that even for folks who haven’t read the book, they understand the point of the book immediately.  That is, there are many things in life that are in one realm, yet approaching a boundary.  Across that boundary lies change.  This place between one state and the next is the “tipping...
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Consumer habits have changed, signed the WSJ

The Wall Street Journal has an excellent story that has been running for the last two days, entitled, “The Just-in-Time Consumer.  It tells a story of a U.S. consumer that has finally gotten more realistic about his or her spending.  Specifically the article highlights a number of statistics and anecdotes that tell the story of a shopper that used to stock up on many goods for months, that...
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Gold?!

If you have been reading this blog for any length of time, or if you are new to it, and you haven’t commented well then you are missing out on an opportunity.  I am willing to address specific questions.  How often do you get to query a retired and very successful investment manager about topics near and dear to your heart, for free?  Pause and ponder that for a moment. No such bashfulness...
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A brief financial analysis lesson, slight return

As you may know, periodically on the blog I provide financial analysis lessons.  Today’s lesson uses American Express as a case study.  That staid charge card issuer has just changed the date in which payments are due each month.  It used to be that payment was due around the 27th of the month.  Then with no fanfare, this month payment changed to around the 14th of the month.  Why would...
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20 November 2010: Interview with Rochester’s WHAM

Here is the footage of the interview I gave to Rochester’s ABC WHAM. (Click on READ MORE to the right to view the video.)
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Why has the United States had so much innovation?

One of the blog’s loyal readers, N.G., has asked me a great question, here it is in her own words: “Why is that Americans are more resourceful? Is it because the US is a melting pot, with first- and second-generation immigrants making a significant contribution? Is it because of the Jewish diaspora? Or, is it because the innovative spirit is there in their blood?” These sorts...
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“The people that got us here have to change”

Since October 2008 I have electronically pounded my fist saying that for the “recession” to be truly over required three important things.  One of those things of import was that “the people that got us here have to change.” Since October 21, 2004, when I had a life-changing epiphany, I have known that Wall Street was institutionally corrupt.  Yes there are always corrupt...
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