August 2, 2019 - Quote of the Day
"Stone Age. Bronze Age. Iron Age. We define entire epics of humanity by the technology they use," said Netflix co-founder and CEO Reed Hastings.
Entries by MHFTR
July 31, 2019 - Quote of the Day
"Everything is expensive now. Worries about the future can cause safe assets to become highly-priced...I call it the 'Titanic Effect.' When the Titanic was going down, people would pay a fortune for anything that floats. We may be in a Titanic situation now," said my buddy, Nobel Prize winner Robert Shiller.
July 29, 2019 - Quote of the Day
"We've seen the S&P 500 drop 50% twice in the last two decades. That is the new normal," said Richard Kang of Emerging Global Advisors.
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
Quantitative Easing Explained to a 12-Year-Old
I know it's been three years since the U.S. dumped its reflationary policy of quantitative easing. However, Japan and Europe are still pursuing it with a vengeance. So, it's best to be familiar with what it is. For a quick tutorial please watch the highly insightful and humorous video. Click on the link below to
The Insider's View on the Future of Technology
How would you like to learn the latest, most important technology trends hitting the global economy today, prepared by one of the most knowledgeable and experienced people in the industry? It's very simple. Just click on the link below for a wrist-breaking .pdf file packed with 360 slides. It was prepared by my old friend
My Date With Hitler's Girlfriend
With the shocking re-emergence of Nazis on America's political scene, memories are flooding back to me of some of the most amazing experiences in my life. I have been warning my long-term readers for years now that this story was coming. The right time is now here to write it. I know the Nazis well.
July 11, 2019 - Quote of the Day
"Though the preachers of pessimism prattle endlessly about America's problems, I've never seen one who wishes to emigrate (though I can think of a few for whom I would happily buy a one-way ticket)," said Oracle of Omaha Warren Buffett.
July 10, 2019 - Quote of the Day
"Traders are very good at looking at the second hand on the clock, but not so good with the hour hand," said Gene Munster of venture capital firm Loup Ventures.
July 8, 2019 - Quote of the Day
"By historic, fundamental measures, stocks are extremely high. PE multiples are at 100-year highs. But if you look at stock prices relative to interest rates, they are exactly where they should be," said hedge fund legend, Stanley Druckenmiller.