Recycling

I wanted to share a few of my thoughts on a posting from Daniel Schwartz’s blog in which he discusses recycling. The post in question begins: “While I do not know enough about economics in general or the economics ofwaste disposal in particular to have staked out a...

Running Out of Gas

There aren’t many iron-clad rules in investing, but there’s one: Bet against anything that the vast majority of investors agree upon. Right now, based on conversations with my clients, who are some of the best and brightest investors on Wall Street,...

The Dangers of “Having Faith”

Does it make sense to “have faith” as a way of coping with life? Literally speaking, to “have faith” means to suspend reason. Reason includes looking at facts, logic and using simple common sense. Reason is our means of coping and, ultimately,...

Personal Lie-ability

The Brady Center to Prevent “Gun Violence” was handed a victory on Monday when the Supreme Court ruled that its lawsuit against firearms manufactures could continue. Under Washington DC’s Assault Weapons Manufacturing Strict Liability Act of 1990,...

A Flood of Free Money from FEMA

If you think the government’s initial response to Hurricane Katrina was incompetent, at all levels, wait till you see the tidal wave of ineptitude, cronyism, irrationality, waste and thievery that’s guaranteed to be involved in the clean-up and rebuilding....