The elusive 100-bagger is a stock that turns a $10,000 investment into $1 million. Does it exist? Or is it some fantastical creature that people only talk about, like the unicorn or Bigfoot? Chris Mayer has launched a $50,000+ investigation to prove that not only do they exist, but he might be able to spot them out just for you. Read on…
Fifty years after the 1929 crash, a group of money managers and investment thinkers put together a collection of essays looking back at that experience. The result was a distillation of some pretty fine investment wisdom. Timely, I think, to review now. One of the contributors was Arthur Zeikel, then with Merrill Lynch. The title …
Franklin Delano Roosevelt famously used the term “forgotten man” in a 1932 speech to describe those at the bottom of the economic pyramid who, he felt, government should aid. But the originator of the phrase “forgotten man” had a whole different meaning in mind. He aimed to expose the seeming good intentions of government to …
You can count the number of people who went to jail over the 2008 financial crisis on one hand. Which is strange considering the U.S. loves to put people away in jail. But as one author discovered in his most recent book, having the right connections and a big enough bank account, can protect you from even the worst crimes.
The U.S. dollar has been the world’s reserve currency for almost a century, and already there are signs it may be in decline. But that doesn’t mean it’s not still valuable. On the contrary… As Chris Mayer explains, there are many reasons the U.S. dollar will remain relevant on the world stage for years to come. Read on…
The standard version of how money came to be goes like this: First, there was barter. (A handful of nails for a pint of ale!) Then, along came various forms of money. An evolutionary derby eventually crowned gold and silver as the supreme money. And finally, credit (or debt) was born. This is the apex …
Mobsters shake down, say, a restaurant owner. They drink all the booze and eat all they want and pay nothing. They rob the cash register. They even go out and borrow money against the place and spend it. When they’ve finally bled the thing dry and the business is about to collapse, they burn the …
Whether you agree or not that the U.S. ought to strike Syria, there is one reason it will: Because it has to. (Indeed, the bombing may already have started by the time you read this.) Perpetual war is one of the pillars of the US economy. According to the Mercatus Center, the U.S. spends more …
The position that there need be a state is too often taken for granted. The main body of Sartwell’s book Against the State is dedicated to destroying the arguments for a state from the likes of Hobbes, Rousseau and Hegel. In fact, one thing that becomes crystal clear in reading Sartwell’s book is how bad …
Crispin Sartwell is someone you should know. He is doing important work in recovering forgotten greats in America’s anti-authoritarian tradition. Among other works, he’s put forward a lean and powerful book titled Against the State. In what follows, you’ll see why he’s my favorite living philosopher. Sartwell will take you on an intellectual tour de …