The Limits of Good Intentions

From Kevin Williamson at The Dispatch, Five Words of Wisdom: You don’t have to love the Wall Street guys, but you should try to understand what it is they do and how that helps make the rest of us richer. If you want to build a factory, what are you going to do? Save...

Supply, Demand, and Finance

Kevin Williamson follows in the footsteps of Henry Hazlitt in his clarity of economic and political issues. Like Hazlitt he is not a professionally trained economist, but brings a writer’s clarity to the subject.  I have probably excerpted him more than any...

Known and Unknown Risks

No government policy can remove the risk of investment; the best they can do is not add to the risks by adding uncertainty to the environment. The reason that strangers from all over the country will congregate to a blackjack table at a casino is not to avoid risk. ...

Catering to Deceit

I use a money management firm, Banyan Capital Management , owned and run by Gary Watkins.  Douglas Ott, II  is a portfolio manager for Banyan, and like Gary is a real student of the market.  I have been very satisfied with their results and their integrity. In their...