Weekly Web Gems

Retail is Not Dead! . . . but Mark Matson reminds us (as we would expect him to) not to go stock picking for the big winner. Save that for the casino.

Free Market Optimism. . . Steve Forbes and John Schlifske talk economy, investing, and…cell phones growing hair?

The Scream . . .a $120 million art-world record, Ben Bernanke, and jelly donuts

Luck vs. Skill in Mutual Fund Performance . . .an extra-credit read for the extra studious (empirical data that says it still doesn’t look good for active managers)

In Defense of Free Enterprise . . .a classic Gipper speech, more relevant today than it was when he gave it in 1978.

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The History of Booms and Busts

The intro to this video sets it up better than I could…

“When an economy falls into a recession, we typically observe a cluster of people making similar investment mistakes. According to historian Stephen Davies, these investment errors occur because governments or central banks manipulate the supply of money. These manipulations place artificial downward pressure on interest rates, creating false signals that entice individuals to invest in what end up being unprofitable ventures. Booms and busts are not a new phenomenon of this century, but rather, have occurred throughout history both in America and around the globe…” ~ LearnLiberty.org

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“Separating Myths from Truth” Intro

Over the next weeks I’ll be posting segments of our “Separating Myths from Truth” presentation. These will be a little different than the seminar version–just me and the camera, no jokes about the (great) food. If you’ve seen the live seminar, then this will be a good chance to review. If you haven’t, then here’s a sneak peak…

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No Sloppy Trades Here

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Weekly Web Gems

An Old Tom Petty Favorite…Mark Matson looks at the economy and says, “I won’t back down!”

Turning Riches into Scarcity…Douglas French looks at what’s gone wrong with the once-prosperous Venezuela.

Are Some Asset Classes Less Efficient?…Kenneth French and Eugene Fama say no.

The Decline of American Monuments and Memorials, by Michael J. Lewis…the last Imprimis installment from Hillsdale College.

Stealing Sleep? Sorry, There’s No Such Thing…Kevin DeYoung on all-nighters, borrowing time, and paybacks.

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