Returnless risk is not how you prepare for a decent retirement.

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

Returnless risk is not how you prepare for a decent retirement.

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.

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

Never forget this simple truism: Forecasting is marketing, plain and simple.