I’m a Contrarian Indicator (at least on stocks) On March 9, I wrote: Until investors are satisfied that the Madoff’s of the world have been dealt with appropriately, and convincing steps have been taken to assure that there won’t be any more . . . don’t hold your breath waiting for a sustainable stock market...Read More
Typical Late August My office, Edina Realty City Lakes, tracks weekly statistics by several categories: new listings, showings, pending sales, closings, etc. From a peak of almost 300 showings earlier this month, weekly showings are down about 50%. Meanwhile, closings — which reflect activity 6-8 weeks earlier — are WAY up. Typical late August ....Read More
The 10,000 Hour Apprenticeship Malcolm Gladwell, in his excellent book “Outliers,” postulates that society’s overachievers parlay what is often a negligible, early advantage in a particular endeavor or sport into an insurmountable lead. In fact, Gladwell calls this “The Matthew Principle,” after the notion that more will be given to those that already have. Gladwell’s...Read More
