The Death of Common Sense

Mother Teresa’s Missionaries of Charity believed two dilapidated buildings in New York would be ideal shelters for the city’s homeless. The city actually agreed with them and offered to sell the building for one dollar each. Yet two years […] Continue Reading…

The Myth of Commodities Investment

One of the oft-cited reasons for investing in commodities is that they have historical returns comparable to stocks while having a low correlation to the stock market. The problem is that this statement is patently false. […] Continue Reading…

The Running of the Bulls

The Sizemore Investment Letter, is committed to avoiding these kinds of behavioral traps by focusing on macro trends with staying power. […] Continue Reading…

Book Review: The Next Decade

Long-time readers have heard me comment on the work of George Friedman, the founder of the Austin-based geopolitical forecasting firm Stratfor. I consider Friedman to be one of the insightful thinkers in the field today, and I wrote a […] Continue Reading…

The Land of the Setting Sun

The rating agency lowered Japan to “AA-,” citing Tokyo’s lack of a coherent strategy for dealing with its soaring debt, which now stands at 200% of GDP. […] Continue Reading…