Crowds, Mencken and Wisdom from Two Great Investors
The study of crowds has always fascinated people in finance. It’s not hard to understand why. Markets can go to crazy extremes, extremes no …
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The Cottage Industrial Revolution
The 20th century was an age of big business. And investors did well backing the giant blue chips on their march to glory. But …
An Anarchist Squint at the Jobs Report
So the jobs report came out last week and rattled the market a bit. But there is a different perspective to this whole thing …
Why You Should Oppose the Keystone XL Pipeline
There is one reason why you should oppose the proposed $5.3 billion Keystone XL Pipeline. And it has nothing to do with “green religionists,” …
In Istanbul:The Rise & Fall of Society
It’s Istanbul, not Constantinople, as the song goes. In this history is an omen for any powerful state (read: the U.S.). A somewhat obscure …
The American Story… Abroad
In 1881, Dakota Territory had never sold a bushel of wheat to anybody outside of Dakota. Six years later, it sold 62 million bushels. …
Is It Evil to Be Rich?
FRANKLIN Delano Roosevelt famously used the term “forgotten man” in a 1932 speech to describe those at the bottom of the economic pyramid whom, …