Daily Archives: July 15, 2020

After plummeting between February 20 and March 23, the S&P 500 (below in white) rebounded sharply and is closing in on levels that prevailed at the start of this year. Unemployment meanwhile (inverted in red below), is over three times … Continue reading →

John Hussman’s July letter Fundamentally Unsound is worth the time.  If more people followed the simple math of how the price paid drives investment returns, fewer people would be sideswiped by financial disaster.  A security is just a claim on … Continue reading →

Amazing glimpse into the human psyche and how it can be influenced one way and another. One day in 1968, Jane Elliott, a teacher in a small, all-white Iowa town, divided her third-grade class into blue-eyed and brown-eyed groups and … Continue reading →