Bob Iger: A modern day Jurassic Park CEO. 
The basic rule with CEO’s is sell the cover. As soon as they make Forbes, Fortune or Time, their time is probably up. Short the mag cover!
Housing: A deflationary prison.
The 1930’s all over again. In the city where I grew up, the massive bank induced expansion of 1880 to 1930 created an army of very wealthy people. Buffalo was…
Is “Professional Money Management” dead?
Summary: We believe professional money management is going to die a slow ugly death. This will cause extreme stress on the banking system and Wall Street. But this doesn’t have…
Why short-term rates matter.
A quick look at long rates. US corporations are going to cliff dive. To put it briefly, the average duration of a corporate bond is 21 years. The average life…
The US Economy is screwed.
The FED can’t go forward or back. If they raise rates (Or keep them high) they’ll wipe out mid-sized banks who are sitting on huge commercial loan portfolios. If they…
How big can you make your business?
What does it mean when we ask, “How big can you make your business?” Can you achieve economies of scale?” In other words Can you produce enough output to make…
Why misers are often successful business owners.
We have worked with a lot of successful business owners that were misers. One might think one has to be a miser to be successful in business. In this article, we will…