September 10, 2024 - Quote of the Day
“The only surprise to me is that so many people were surprised,” said Nobel Prize winning economist Joseph Stiglitz, about the financial crisis he predicted.
Entries by DougD
September 9, 2024 - Quote of the Day
“It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” – Said American Investor Warren Buffett
June 4, 2024 - Quote of the Day
"Technology has outrun the ability of the market to handle it. When the next bear market comes, there could be a messy affair," said my friend and client Leon Cooperman of hedge fund Omega Advisors.
May 24, 2024 - Quote of the Day
“I wouldn’t want to see everyone get down to where Detroit is before we declare a bottom in residential housing,” said David Blitzer, former chairman of the S&P 500 Index Committee.
April 23, 2024 - Quote of the Day
"If there were no way to short stocks, the probability of stock market bubbles would be much greater," said hedge fund manager, Bill Ackman, of Pershing Square.
April 2, 2024- Quote of the Day
"The greatest show on earth is happening elsewhere. Southern trade is becoming turbocharged," said Stephen King, chief economist at HSBC, about the enormous new trading routes forming between Asia and Latin America, who calls the network the "Southern Silk Road"
March 8, 2024 - Quote of the Day
“What we really have to do is get back to fundamentals, and for most Americans that means working for a living and not investing for a living.” said Tom Barrack, CEO of Colony Capital, and a former principal of the Bass Group.
America's Demographic Time Bomb
You can never underestimate the importance of demographics in shaping long term investment trends, so I thought I’d pass on these two highly instructive maps. The first shows a map of the world drawn in terms of the population of children, while the second illustrates the globe in terms of its 100-year-olds. Notice that China
Thank Goodness I Don't Live in Sweden!
I recently found the chart below showing world tax rates as a percentage of GDP for the past 40 years. Sweden suffers the world's heaviest tax burden at 51%, compared to only 27% in the US. The US has among the world's lowest tax burdens in terms of actual taxes paid, which has been falling
January 16, 2024 - Quote of the Day
“At last the lake burst upon us—a noble sheet of blue water walled in by a rim of snow clad mountain peaks….as it lay there with the shadows of the mountains brilliantly photographed on its surface I thought it surely be the fairest picture the whole earth affords,” said the American writer, Mark Twain, on