Are we in a Wicksellian or a Keynesian monetary regime? No, I’m not speaking a foreign language. Charles Gave, the legendary French investment manager, consultant, and onetime co-founder (with Hugh Eaton) of Cursitor-Eaton Asset Management, bases his macro forecasts and thus his investment strategy on the type of monetary and fiscal regime we’re in. According to Gave, there are two …
Deirdre McCloskey and Art Carden Explain How the Modern World Came to Be
How Did the World Go from Poor to Rich? After tens of thousands of years of living at a subsistence level, how did the world suddenly become so rich? By “suddenly” I mean in the last 250 years (I’m a long-term investor). However, even if you think in shorter time frames, the rise of China in the last 40 years, …
Fewer, Richer, Greener!
Interviewed by Kathryn M. Welling Larry Siegel’s Highly Contrary, Surprisingly Practical Future Vision There’s no getting around it. For all his financial acumen, intellectual firepower and years of experience in trying to meld the minds of Wall Street to scholarly research, Larry Siegel remains both highly rational and a dogged optimist. Amazing. Larry is also a familiar face to faithful …
Steven Pinker’s Instruction Manual for Your Brain
An urban legend has Amos Tversky, the late co-founder (along with Daniel Kahneman) of behavioral economics,asking a computer scientist what he was working on. The computer man responded, “I study artificial intelligence.” Tversky, a notorious smart aleck, responded, “I study natural stupidity.” Steven Pinker has studied natural stupidity more carefully than any other living writer. Trained as a cognitive psychologist …