Tag

expert

“It Takes One to Know One” (and Other Ruined Phrases)

Playground (and White House) Taunts At least to someone my age (born in 1959 — you do the math), the expression “it takes one to know one” is inextricably linked to a playground taunt. The usual exchange (typically between adolescents, the Trump administration notwithstanding): Child #1: “You’re a doody head!” Child #2: “No! YOU’RE a...
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Get Ready for . . . “The Coming Trump Boom!” (in Bullish Predictions, at Least)

Doing a 180° on Financial Forecasts You have to scramble pretty fast to stay ahead of the punditocracy. Given how utterly they (it?) miscalled the election, what can you expect the most nimble prognosticators to do now? A quick 180°. So, get ready for a succession of headlines blaring: “Coming Soon:  The Trump Boom!” “Cashing...
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Trump’s Win & the Stock Market

2016 Presidential Election Aftermath Investors just got handed a classic lesson in not trying to anticipate “macro” events like elections: –Number of experts predicting Trump win:  < 10 (anywhere on the planet. Maybe). –Number of experts predicting markets would go UP after Trump win:  0. Of course, it’s too soon to know whether markets will...
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“He Who Negotiates Most, Negotiates Best”

Practice Makes Perfect Is it true that the best negotiators are the ones who’ve done it the most? If so, then the world’s best negotiators, bar none, are residential Realtors. While wheeler-dealers like Donald Trump or gambling mogul Steve Wynn may be involved in a couple dozen major deals in a career, it’s not uncommon...
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