Author Archives: Danielle Park

Optimism and drownproofing are two halves of a whole

Life is full of risk every day in every way.  Acknowledging this is not pessimistic; it allows thinking people to be proactive.  Risk management requires that we hope for the best while trying to drownproof an uncertain future. Cultivating health … Continue reading

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Speculation: tale as old as time

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

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Dis-inflating into 2022

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

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