“We cannot solve problems by using the same kind of thinking we used when we created them.” – Albert Einstein And now for something (almost) completely different. Those EVA readers out there who keep precise track of our publishing sequence—all six of you—realize this is that time of the… Read More

“When we look at the high-income economies…we must recognize that they are in a truly extraordinary state. The best way to describe it is as a managed depression.” – Martin Wolf, Chief Economics Commentator for the Financial Times POINTS TO PONDER 1. A number… Read More

“I recently tried to refinance my mortgage and was unsuccessful in doing so. I think the tightness of mortgage credit—lending—is still probably excessive.” – Ben Bernanke, speaking at a conference earlier this week “There are cracks emerging in the Teflon tape that is the S&P… Read More

“I don’t think the words ‘dual mandate’ crossed my lips in eight years. If prices are stable, that (is) good for employment.” – Paul Volcker, referring to his time as Fed chairman, in a speech this week to the Economic Club of NY POINTS TO PONDER… Read More

“Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong.” – Economist and historian, Niall Ferguson Future bull. Let me admit up front that this EVA has been… Read More

“No one can possibly achieve any real and lasting success or get rich in business by being a conformist.” – J. Paul Getty “If you’re looking where everybody else is looking, you’re looking in the wrong spot.” – Mark Cuban, technology entrepreneur… Read More

“The worst evils mankind ever had to endure were inflicted by bad governments.” – Ludwig von Mises, economist Brock Solid. In a world seemingly infatuated with the power of central bank printing presses, Woody Brock is a refreshing iconoclast. This… Read More

“The Fed is distorting markets and risking asset bubbles by keeping real rates negative when real growth rates are positive—the excess of this moves into financial assets, as opposed to the real economy.” – Noted economist, David Rosenberg POINTS TO PONDER 1. The recent surge by… Read More

“The four most dangerous words in investing are: ‘this time it’s different.’ “ – Sir John Templeton “The stock market is a no-called-strike game. You don’t have to swing at everything–you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling,… Read More

“Better three hours too soon than a minute too late.” – William Shakespeare   POINTS TO PONDER 1. A recurring EVA subject of late has been the vulnerability of the lowest-rated bonds due to unrealistically puny yields, as a result of investors pushing the safety envelope in search of… Read More