Economists and financiers have compared stockmarkets to gambling since 1936, when Keynes warned of “the capital development of a country becom[ing] a by-product of the activities of a casino”. In 1999 Jack Bogle of Vanguard decried the “Wall Street casino” where only croupiers got rich, and in 2023 Warren Buffett wrote that “markets now exhibit far more casino-like behaviour than…when I was young”.
The law of diminishing marginal utility is one of the foundational principles of economics, but its significance extends far beyond...
Yves here. We’ve had a run of war-related stories, so a change in programming is in order. Eclipses are significant...
This is an important report discussing the real implications of Gold and why it is NOT a hedge against inflation...
Though the modern state successfully frames itself as the ultimate guarantor of positive rights, it is the opposite: a systematic...
Hiring at private companies slowed considerably in July, with most of the job growth coming from healthcare, payrolls processing firm...
Yves here. Just wait for the hysteria about progressives (who will be called socialists and worse) to shift to a...
The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.
-1024x683.jpg "Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test")
