The primary problem with the majority of the economic philosophers, regardless of what school of thought they aspire to represent and regardless of whether it’s the first-year law student who’s never studied an economic book in their life or Marx who compiled one of the most arduous reads ever conceived on the topic, is that…
Details
Traditionally, stocks were valued at about ten times earnings. With high margin trading, earnings on shares, only one or two percent, were far less than the eight to ten percent interest on loans used to buy them. This meant that any profits were in capital gains alone. Thus, Radio Corporation of America, which had never…
Details
Came across this gem of an interview of Michael Burry the other day. Read Full Article Here. Burry is a special kind of investor. He wasn’t just a doomsday predictor waving a placard on the streets saying “the end is near”, no, Burry bet big on his prediction with not only his own money but…
Details
The Dunning-Kruger Effect Welcome to the age of outrage where all who disagree with me are absolute idiots and morons, and I could never be in the wrong on anything… Isn’t that the premise of just about all internet forums these days? Maybe the problem isn’t the stupidity of others but rather our own inflated…
Details
There are few books that I would outright outline as evil, but this makes the list. “How on earth could book about tactics for stimulating social action for the poor and underprivileged be considered evil?” you might say. I believe that the book embraces a philosophical abandonment of principles for the sake of progress. “What…
Details
Without going into too much detail, what this book outlines is largely historically accurate… that is regardless of whether or not Perkins really was an “EHM” (Economic Hit Man). Having studied The Washington Consensus in quite a large degree of detail (not trying to brag but I have read many many papers on it and…
Details
In 2017, Janet Yellen, the then Chair of the Federal Reserve Bank of America, which is arguably the most prominent and influential financial position to be held by anyone throughout history, boldly stated that “another financial crisis not likely in our lifetime”. In every sense, Yellen must be considered the highest source of authority for a statement…
Details
We’ve all experienced that moment when a business meeting, a dental appointment or a shopping trip took slightly longer than expected only to escape a while later to find a small white piece of paper sitting under the windscreen wipers of our car demanding that we fork out over $100+ to a local government with…
Details
Over the past 2 years or so, I may have been described as a little on the bearish side… I know shocking! Especially when I thought that some of my doomsday predictions have been on the optimistic side. With the constant trickle of troubling social, political and economic news. It is easy to build a…
Details
Not to blow my own trumpet… too much … in April last year, I was writing about how Australia was heading to a mortgage crisis. The issues that I saw unfolding were that politicians on both sides of the political fence had misplaced priorities regarding housing prices. Primarily, their focus was on getting more and more…
Details