26 10, 2022

Of Random Walks and Drunken Walks

By |2022-10-26T02:39:58+00:00October 26th, 2022|Uncategorized|0 Comments

Can we learn about investing from puppies? Image: João Braun. Source: Pixabay. There’s a study of probability and random walks called “A Drunk and Her Dog.” The idea is that if a person comes out of a bar – heavily intoxicated – and starts wandering home, [...]

29 07, 2022

Fishing for Returns

By |2022-07-29T18:58:27+00:00July 29th, 2022|Business Strategy, Investing Strategy, Uncategorized|0 Comments

Can we learn about investing from fishing? Photo: Doug Tengdin. All rights reserved. I grew up fishing. My mother used to tell of how she took me out fishing when I was less than a year old. Every year My family in Minnesota would trek up [...]

17 02, 2022

The Inflation Equation (Part 2)

By |2022-02-22T15:29:27+00:00February 17th, 2022|Uncategorized|0 Comments

Is inflation real or monetary? Source: Dallas Fed, World Market Advisors Last week I discussed the inflation equation, the formula that Milton Friedman popularized to explain the double-digit inflation of the 1970s. MV = PY M is money, V is velocity, Y is the real economy, [...]

11 02, 2022

The Inflation Equation

By |2022-02-11T15:00:25+00:00February 11th, 2022|Uncategorized|0 Comments

What causes inflation? Source: Cleveland Fed, World Market Advisors I’m old enough to remember public service ads on television asking us that very question. They had characters playing grocery shoppers, business managers, and blue-collar workers. The ad blamed shoppers for not looking for the best deal, [...]

27 01, 2022

Designing Better Portfolios

By |2022-01-27T19:59:11+00:00January 27th, 2022|Uncategorized|0 Comments

Is investing an art or a science? F-5E Tiger II. Source: Wikipedia This seems a straightforward question. Portfolios are matters of math, return, cash flow, and valuation. But putting them together is complicated. It’s not just how different investments behave in different economic environments, it’s also [...]

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