Where Are the Customers’ Yachts? – Redux

Where are they, indeed? If you haven’t read the book, do yourself a favor and get a hold of a copy. First published in 1940, it is informative, well written, and witty. And still very relevant. The point here is not to languidly blame anyone, or to say that people who could afford yachts yesterday can ...

Autumnal Musings

  When markets are “good” for a long time you should always at least give it some thought. Your thought should not be driven by the specifics of your particular situation, like objective and time frame of your personal wealth, but should rise above it all. There is always time to derive a unique strategy ...

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