Three things you can’t do in this world… There are more than three things but these are the three things that occurred to me over the last few weeks. One: Teach children via distance learning. I know many teachers who are trying to do this and are extremely frustrated. It goes beyond the technological limitations, […]

I applaud all of the businesses who are now attempting to reopen by evolving their businesses on the fly. It’s commendable, and brave and ingenious. Unfortunately, it’s too late and too small to give us a recovery back to the 2019 economy any time soon. You can’t operate a restaurant or a catering hall or […]

Harry Truman said “It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.” Truman was born in the 1880’s. In his young adulthood during the early 20th century, there was a recession or a depression or a panic or a stock market crash almost every year, though growing up in small town Missouri, he […]

Or…and hear me out…the stock market is doing its best to reflect the “real” economy. The real economy, however, has moved online. Companies that dominate online business also dominate the stock market’s capitalization. This is what the real economy currently looks like now, via Bank of America Merrill Lynch’s credit and debit card spending data: […]

We’re having the “Value Investing is Dead” conversation again. It comes back for an eight-week run each year, like Game of Thrones used to. They bring back our old favorite characters – at least, the ones who haven’t been killed off by redemptions yet – and then introduce some new ones. But the plot cycle […]