I’m struggling to wrap my head around Nasdaq 9,300 – nearly twice the dot-com bubble peak – Apple’s $1.4 trillion market cap, and the notion that the combined value of five west coast companies is higher than the GDP of every country in the world but the U.S. and China.[…] Read On
Blog Archives
A Simple Savings Strategy for Living and Retiring Well
I was just reading about how former New England Patriot’s tight end Rob Gronkowski, aka Gronk, managed to save all $54 million of his NFL earnings. His strategy was to live off the endorsements income and save the football money. Simple. Turns out lots of famous people have had similar[…] Read On
Wish Everyone Would Quit Saying There’s No Inflation
Is it just me or has the cost of living skyrocketed over the last decade or so? Home prices, rent, education, health care and insurance, construction, groceries, appliances, services, clothing, sports and music events – you name it, it costs way more than it used to. Sure, some people are[…] Read On
The Evils of Liberal Arts Degrees and Student Loan Debt
What do you suppose inspires so many career-minded young people to take on ginormous student loan debt to obtain useless liberal arts degrees that haven’t been in demand since resumes were printed on typewriters? And where are their doting, or maybe the more accurate word is coddling, parents in all[…] Read On
Is Tesla’s Tenuous Operating Model Starting to Unravel?
If you want to destroy my sweater Hold this thread as I walk away Watch me unravel, I’ll soon be naked Lying on the floor, I’ve come undone – Weezer It had to happen sooner or later, right? Tesla’s tenuous operating model is finally starting to unravel. Or is it?[…] Read On
The AOC Crazy Train Leaves Utopia, Arrives in Cluelessville
You know it galls me to see grandstanding politicians like Maxine “We Have God on Our Side” Waters and her capitalism-hating cronies grill CEOs on Capitol Hill. Maybe nauseates is a better word. Say what you will about some of the scandals that have befallen Wells Fargo in recent years,[…] Read On
Big Tech: Breaking Up Is Hard to Do
Elizabeth Warren wants to break up Big Tech. She says that Amazon, Facebook, Alphabet/Google and Apple are too dominant and that breaking them up will spur competition. U.S. antitrust law doesn’t support her thesis but when has that ever stopped a political power grab? There are no federal laws that[…] Read On