早在2007年左右，投資者約翰·保爾森（John Paulsen）就開始對抵押貸款證券的可行性持懷疑態度。儘管對它們的需求遠大於供應，但保爾森感覺到貸款標準已經直線下降，以至於貸款拖欠率將激增。這位「三流」對沖基金經理（這是那些在頂級投資銀行報導他的人的感覺）開始非常便宜地購買抵押貸款保險。他之所以能夠做到，是因為市場上的共識是他大錯特錯。

1月29， 2021

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3 分鐘

What better way to begin a review of what is an excellent book than to say that the book’s author always knew. It’s as simple as that. Jeffrey Tucker knew in March of 2020 that tragic times were ahead.I remember it vividly. In February of 2020 witless headline writers were trying in vain to tie a falling stock market to a coronavirus that investors had been pricing for many weeks. They revealed their misunderstanding of big market lurches. They’re a consequence of surprise. In February the surprise wasn’t a virus that had been in the news since early January; rather it was the presidential primary success of a since forgotten socialist by the name of Bernie Sanders. Of course, by month’s end Sanders was falling as quickly as he had risen. Stocks soared as a risk-factor to future growth was vanquished. Sanders, as I argue in my upcoming book When Politicians Panicked, was the original “coronavirus.”

1月4， 2021

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3 分鐘

The Great Brain is an excellent collection of children’s books that was written by John D. Fitzgerald, and was said to be loosely based on his life growing up in Adenville, UT. Tom is the “Great Brain” in possession of remarkable skills when it comes to making money while helping out other kids in his somewhat idyllic, early 1900s world.

Oct 28, 2020

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3 分鐘

“我們並不現實地期望至少在11月初大選之前，我們會搬到2級學校或重新開放K-12學校。這是西海岸衛生局局長的話。在選舉之前沒有面對面的學校教育？嗯，請想想說了什麼。它讀起來就像贖金票據。投票給虔誠的科學候選人喬·拜登，否則......

9月21， 2020

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3 分鐘

“解僱員工很容易成為工作中最糟糕的部分。這是我的一位好朋友的話，他幾十年來一直非常成功。

5月20， 2019

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3 分鐘