Salesmen always need something to sell.

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.

I find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970's, which was a pretty dismal period and not just because of polyester and disco.

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

Unlike cheap stocks, inexpensive asset classes have a lower chance of big drawdowns (broad asset classes don't go to zero) and a higher probability of average or better returns.

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

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