The Investing Enigma

Investing is the most supremely arrogant thing that you can do. In effect, whenever you buy or sell an individual stock — or even if you trade an index fund with the intention of timing the market — you’re placing your judgment ahead of the judgment...

Rights vs. Wishes

We hear so much about “rights” — a right to this and a right to that. People say they have a right to decent housing, a right to adequate health care, food and a decent job, and more recently, senior citizens have a right to prescription drugs. In a...

Explaining to the Grandkids

Those of us who are optimists believe that someday sanity will return to our society. Our media, our officials — perhaps even our schools and colleges — will begin to talk sense. Those of you who are young may live to see it. But there is a downside to...

Good Advertising is Salesmanship

Let us emphasize that point. The only purpose of advertising is to make sales. It is profitable or unprofitable according to its actual sales. It is not for general effect. It is not to keep your name before the people. It is not primarily to aid your other salesmen....