The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

If I am going to trash others for their dumb predictions, I must at least hold myself to the same sort of accountability.

You can blow on the dice all you want, but whether they come up seven is still a function of random luck.

This ugly duckling investment will likely need time - quarters, or even years - to blossom into a beautiful swan.

One thing I detest most about the financial press is the lack of accountability. All sorts of nonsense is said without penalty.

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

History is replete with examples of tech firms that were marginalized by new companies and technologies.