Monthly Archives: August 2021

As Ben Graham pointed out in 1959, the typical experience of the speculator is one of temporary profit followed by ultimate loss. Yet, those who buy corporate securities without regard for valuation are speculating, whether they know it or not. … Continue reading →

Inflation has always been a lagging economic indicator and as transitory as financial bubbles. In the last forty years, the National Bureau of Economic Research (NBER) reports that the low in inflation readings occurred an average of 15 quarters (3.75 … Continue reading →

Another worthwhile update on present conditions and what to prepare for next. Merryn talks to Jeremy Grantham of GMO about the current state of the markets and where investors can “hide” from all the craziness, plus inequality, inflation, and why … Continue reading →