I can guarantee a few things about Howard Marks’ new book, Mastering the Market Cycle. You will enjoy the thoughtful writing in clear language, and you will learn one great, and I believe correct, idea about the operation of markets. But you will not master the market cycle. Nobody can. What you can do, as part of a broader program …
On Pig Farming, Cobwebs and Howard Marks
I can guarantee a few things about Howard Marks’ new book, Mastering the Market Cycle. You will enjoy the thoughtful writing in clear language, and you will learn one great, and I believe correct, idea about the operation of markets. But you will not master the market cycle. Nobody can. What you can do, as part of a broader program …
Conference Roundup: Cullen Roche on Why We’re All Active Investors
Cullen Roche, an Encinitas, California chicken farmer, heterodox thinker, monetary theorist, blogger (http://www.pragcap.com), and investment manager specializing in taxable portfolios spoke at the Foundation Financial Officers Group (FFOG) semi-annual conference in Santa Barbara on October 24, 2018. He is the founder of Orcam Financial Group. In addition to my other roles I am the investment thought leader for FFOG, and …
Michael Lewis on the Hidden Benefits of Competent Government
Michael Lewis is such an engaging writer that it’s been said he could tell a gripping story about a piece of dirt in the road — beginning with the geological origins, several billion years ago, of the dirt’s mineral components. Lewis can write conservative (The Blind Side) and he can write liberal (“Obama’s Way”). He can turn nerdy statistical analysis …