Quote of the Day - June 22, 2023
"In the world of business, bad news often surfaces serially. You see a cockroach in your kitchen; as the days go by, you meet his relatives," said Oracle of Omaha, Warren Buffett.
Entries by DougD
How CRISPR Technology May Save Your Life
When I was a DNA scientist at UCLA 50 years ago, the team used to slack off whenever our professor was attending an out-of-town conference. We used to take pure 200 proof ethanol the university kept on hand “for research purposes,” used it to bring our beer up to 100 proof, and then speculate about
How the Cost of Energy is Going to Zero
A key part of my argument for a new Golden Age to take place during the coming Roaring Twenties is that the price of energy is going to zero. It may not actually make it to zero. I’ll settle for a 90%-95% decline, which is good enough for me. Take a look at the charts
Quote of the Day - October 31, 2022
"We underestimated the negative impact of the slowdown in the housing market, and we may be underestimating the tailwind in its recovery," said Uwe Mark Ruttke of Merrill Lynch, the top financial advisor in Colorado.
Quote of the Day - October 6, 2022
When asked how he manages the time to be chairman of Microsoft, run the world's largest charity, and raise three kids, Bill Gates answered, "I don't mow the lawn."
Quote of the Day - September 29, 2022
"A strong dollar is a natural consequence of America emerging from a liquidity trap, while Europe and Japan are still stuck in one. The dollar is a growth stock, and growth stocks over time outperform utilities," said Paul McCulley, formerly the chief economist at bond giant PIMCO.
Quote of the Day - August 19, 2022
"Nobody knew it was August 1982 until it was August 1984," said Chris Verone, head of technical analysis at research boutique Strategas.
The Death of the Financial Advisor
About one-third of my readers are professional financial advisors who earn their crust of bread telling clients how to invest their retirement assets for a fixed fee. They used to earn a share of the brokerage fees they generated. After stock commissions went to near zero, they started charging a flat 1.25% a year on
Quote of the Day - June 16, 2022
"Brains are the new tonsils. Thanks to the Internet, you don't have to know anything anymore," said comedian Paul Riser.
Why Globalization Works
I am writing this to you from the Amtrak California Zephyr. Having got my Pfizer Covid-19 shots, it is now finally safe to ride public transport. I am riding the rails in a first class sleeping compartment from Oakland, CA to Truckee, CA to reposition a car from my Lake Tahoe lakefront estate now that