The Tragic Bull Market Culture

“Like champagne, bull markets remove inhibitions.” –James Grant My readings over the last several weeks have consisted primarily of David Stockman and Jim Grant– two sane voices in the insane financial world. Each have contributed wondrous thoughts and reflections on the nature of 21st century finance, which is primarily a story of the “corruption of…

Investing and “the Economy” as Such

“The economy is doing well” or “the economy has reached a stand-still” or many other myriad ways to refer to “the economy” should always be taken as a metaphor. And yet, quite obviously, this is not actually the way that the mainstream economic thinking works. For them, the economy is treated as an entity independent…

Bloomberg: robo-advisors increasingly popular

Bloomberg reports: Banks are watching wealthy clients flirt with robo-advisers, and that’s one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a consultant. Millennials and small investors aren’t the only ones using robo-advisers, a group that includes pioneers Wealthfront Inc. and Betterment LLC and…

A Review of Austrian School for Investors

As interest in the Austrian School continues to expand in our day, people are going to increasingly consider the practical relevance of this highly philosophical school of economic thought. After all, for better or for worse, we live in the “practical age.” People are less interested in theory and more interested in “whether it works.”…

Austrian Investing Table of Contents

I am excited to begin reading and blogging through this book next week. It’s on its way from Amazon. I have already given some pre-read thoughts on it here. Since then, I dug up a picture of the table of contents online. For those interested:  

Austrian School for Investors: Austrian Investing between Inflation and Deflation

I’ve been anticipating this book for some time and it has finally been published in English. I first heard about it via Pater Tenebrarum on his Acting Man blog. It immediately grabbed my attention because it was written by some folks associated the Austrian oriented Incrementum Fund in Liechtenstein. Frank Shostak, who in my opinion is the very best…

General Stock Market Index Performance is a Result of the Fed

The way that most people think about the stock market’s rising and falling is usually at odds with the economic reality. This is not entirely their fault; there is an academic consensus at play which reinforces the confusion, this consensus, of course, being the Keynesian paradigm. When the financial media talks about the stock market,…

A Wealthy Zuckerberg’s Sly Move

In our wealth management practice, there is an important reminder that we help some of our extremely wealthy clients to remember: it is better to be in control and not be an owner than to be an owner and have limited control. What we mean by this is that there are certain legal disadvantages to personally owning something,…