“Unfortunately, Mr. Paul has maintained his consistency by ignoring reality, clinging to his ideology even as the facts have demonstrated that ideology’s wrongness…” -PAUL KRUGMAN, referring to Ron Paul “The Fed never admits it, and the Congress disregards it out of ignorance, but the serious harm done… Read More
“Progress is impossible without change, and those who cannot change their minds cannot change anything.” -GEORGE BERNARD SHAW ‘Tis the Season. There’s just something about the holidays that makes it difficult to dwell on things… Read More
“We have nothing to fear but the notion that there is nothing to fear.” -ED YARDENI, Noted economist and stock market strategist “The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs.” -WARREN BUFFETT “It’s the… Read More
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” -RONALD REAGAN “Monetary policy cannot be coherent unless fiscal policy is.” TOM SARGENT, Nobel-laureate economist… Read More
“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.” -GEORGE SOROS, billionaire investor “The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot… Read More
“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.” -SETH KLARMAN, Legendary value Investor and long-time hedge fund manager Thank you for your interest in the Evergreen Virtual Advisor (EVA). Evergreen GaveKal’s e-letter, written by Chief Investment… Read More
“On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?” -MATT RIDLEY, author of The Rational Optimist Even a close follower of economic and market dynamics might wonder what in the world robots and Fed policies… Read More
“Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss.” -BEN GRAHAM, the father of security analysis POINTS TO PONDER 1. Read More
“Two roads diverged in a wood, and I— I took the one less traveled by, and that has made all the difference.” -ROBERT FROST Those who track financial news might have seen that Eugene Fama and Robert Shiller were recently awarded the Nobel Prize in economics. Fama… Read More
“The iconic actor Errol Flynn is reported to have quipped that his legendary financial problems lay ‘in reconciling my gross habits with my net income’. This is the most concise description I can marshal to explain the problem plaguing our nation’s fiscal authorities.” -RICHARD FISHER, President of… Read More
