The Perils of Overconfidence, Experience What do parachuting and Buyer Rep contracts have in common? I recall from my one time parachuting, almost 30 years ago (I knew the experience would prove to be useful in later life), that parachute fatalities actually fall into two groups. Unceremoniously referred to as “bouncing,” the first group —...Read More
Pick Your (Economic) Metaphor The real question is, now what? Government interventions are only meant to light a fire under the real economy and unleash what John Maynard Keynes called our “animal spirits.” But government dollars can’t sustain growth. Like it or not, the stock market is bigger than the Federal Reserve and the U.S....Read More
