I really hate arguing with Warren Buffett… After all, the Oracle of Omaha can call “scoreboard” on just about any investor alive today. His cumulative returns at Berkshire Hathaway are a whopping 2,472,627% since 1965. No one in history has produced returns that high, over a period that long, and with a portfolio that large....Read More

There’s an old Wall Street saying that goes, “Bulls make money, bears make money, pigs get slaughtered.” No one really knows who originally said it, but its meaning is clear. You can make money in a rising market or a falling market if you’re disciplined. But if you hunt for stocks to buy while being...Read More

The Centers for Disease Control and Prevention announced that the number of American live births dropped to 3,788,235 in 2018. That’s a 2% drop from 2017, and a 12% drop from the 2007 high. It puts us back at levels last seen in 1986. But the numbers look worse when you drill down. The population...Read More

The late Sir John Templeton once commented that “the four most expensive words in the English language are ‘this time it’s different.’” No truer words have ever been spoken. It’s true for degenerate gamblers, drug addicts and serial womanizers. It’s true for politicians peddling failed policy ideas. And it’s true for ne’er-do-well employees or business...Read More

Note from Charles: I worked with Bill Washinski for years when I was living in Florida, and we collaborated on several research projects. In the spirit of the upcoming Avengers movie. I enjoyed his piece here on “the economics of Thanos,” and I hope you do too. –Charles– Tomorrow, April 24, Avengers: Endgame, the sequel...Read More