“What have future generations ever done for us?” – Groucho Marx Last week we took on the controversial subject of climate change. This week, just to demonstrate how reckless a humble blogger can be, we’ll return to the scene of the crime and do it all over again.
In my last post we looked at the need for “change” in one controversial domestic sector, education. But since that wasn’t nearly contentious enough (I only got about 400,000 death threats), let’s move on to something really controversial: climate change.
In my last few posts we looked at some of the more controversial “changes” in the international arena that seem to be demanded. Now we’ll turn to the domestic sector, beginning with education.
Last week we examined one of the “changes” Americans are looking for, and we focused on Russia. This week let’s look at a remarkably similar situation, namely: Israel As with Russia, when Barack Obama left office America’s relations with Israel had hit rock bottom, as bad as they had been…
Last week we solved the problem of reforming a defective Affordable Care Act in a simple and brilliant manner. Alas, not all the changes Americans want — and voted for — will be so simple to effect. For example, let’s turn to:
In my last post I breathlessly announced that I held the solution to the American healthcare dilemma in my hot little hands. While the hapless Republicans and Democrats are stumbling around blaming each other and wishing the healthcare issue would just blow away, your humble blogger has solved the problem…
In my last post we observed how overwhelming the desire for “change” is in America, and we also paused to notice the penalty the Democratic Party has paid for ignoring voters’ wishes. In this post and the ones that follow, I will touch on some of the more important policies…
Since the Presidential election there has been a lot of loose talk about “change.” In this series of posts we’ll try to tighten up that conversation by identifying some specific changes Americans have on their minds. Specifically, I’ll touch on some of the more controversial changes the new Administration will…
We began this series of posts by examining the sorry state of value investing. We then moved on to making unfashionable arguments on behalf of hedge fund fees and performance. We’ll close the series by looking at the important role hedge funds — and, for that matter, value investing — play in the long-term…
We’re talking about nobody’s favorite subject, hedge funds. Last week we dispensed with the ugly topic of hedge fund fees, and this week we’ll take a deep breath and tackle the even more noxious topic of hedge fund performance.
In my last post, we discussed the sorry state of value investing following seven years of rigged markets courtesy of our central bankers. In this post we’ll turn to another category of investing that sits right near the top of so many investors’ Sh*t Lists: hedge funds.
For reasons best known to themselves and their (not very robust) consciences, America’s central bankers concluded that the best way to drag the US economy out of the Financial Crisis was to make rich people richer and poor people poorer. They therefore adopted policies — QE1, QE2, QE3 — that drove up the prices…
As noted in my last several posts, Japanese salarymen worked long hours without overtime pay for a selfless reason: to pull their defeated country up by its bootstraps. And they succeeded wildly. By 1978 Japan had surpassed Germany to become the world’s second-largest economy, a position it held until it…
The word “karoshi” was invented in 1978 to describe an increasingly common phenomenon: Japanese workers, mostly the venerable salarymen, were dropping dead of heart disease in the prime of life. There was a reason it all happened in the 1970s. The shocking — to the Japanese — and humiliating loss in World War II…
