September 16, 2024 - Quote of the Day
“Happiness is having a large, loving, caring, close-knit family in another city,” said the comedian, George Burns, who lived to over 100.
Entries by MHFTR
September 9, 2024 - Quote of the Day
“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that central banks will attempt to continue to substitute liquidity for solvency,” said Rick Rule, director, president and CEO of Sprott U.S. Holdings, a precious metals
September 6, 2024 - Quote of the Day
“There is no sign of a recession anywhere,” a major bank economist told me in September 2007.
Coffee With Ray Kurzweil
After spending better than a half-century in the investment business, I see all decisions boiling down to a single issue: Artificial Intelligence. Speaking to people at the local PTA, American Legion, the VFW, the Commonwealth Club, people sitting next to me at high school football games, and even my own readers, this is the impression
August 19, 2024 - Quote of the Day
"The level of fact available from news services is way less than it once was," said Roger McNamee, co-founder of venture capital fund Elevation Partners.
August 13, 2024 - Quote of the Day
"Whenever I hear someone in finance say that a one in two-billion-year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn't any good," said former Treasury Secretary and Harvard University President Larry Summers.
August 9, 2024 - Quote of the Day
"If you work forever, you can live forever," said my friend and mentor, Blackstone's Byron Wien.
August 8, 2024 - 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.
Could You Qualify to Become a U.S. Citizen?
The recent Fourth of July celebration brings back memories of my late wife’s campaign to become an American citizen 30 years ago. Kyoko originally came from Japan. Part of the process required a verbal quiz about U.S. history and government. Our family spent a year energetically prepping her, with nightly grillings over dinner about the
July 17, 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.