Should I Manage My Own Money?
The next time you drive down the highway, look around at all the other vehicles around you. You will see many Hondas, Toyotas, and Hyundais. You will also see many…
Rise and Fall of a Retail Legend
In 1980, Nobel-prize-winning economist Milton Friedman visited The Phil Donahue Show, a television talk show, for a wide-ranging discussion of economics, free-market theory and the current state of the economy.…
The Scary Investment Monster is You
Investors loaded up on technology stocks in 1999 when the tech sector was all the rage. Investors then sold technology stocks three years later, which was after the market tanked…
Perfection is the Enemy of Progress
I was not a great student in school. If I was very interested in a subject area, I did well. But if I was not interested in the subject, I…
The Network Effect
Google has it. Uber has it. Microsoft Windows has it. Apple iMessage has it. It’s the very powerful business factor of the network effect. A network effect is the positive…
Go Big or Go Home
In the last fifteen years, there has been a revolution in the NBA where on-the-court players attempt their shots. The Golden State Warriors are the subject of a lot of…
What is a Short Seller?
An old man on his way home from work received a call from his wife who said, “Honey, please be careful driving. I just saw a news report that said…
How Free Markets Make the World Go ‘Round
“It is a curious thing about the language used in a trade war. Tariffs are frequently referred to as protectionist measures. Tariffs do in fact offer protection as they protect…