Three red-hot posts
Joshua M Brown
The era of economics-as-national-defense is now underway.
With so much bullsh*t out there 24/7, someone has to be the voice of reason. We think that someone is us.
My comments here refer to private businesses and not the publicly-traded stock market. I’ve never seen a seller’s market quite like the one we’re in now for privately held companies. In almost any industry, especially if it’s white collar, professional services and has a recurring revenue stream. There are thirty buyers for every business and…
I absolutely insist you read this today.
I’ve had enough.
People come to us and tell us what they want (or what they think they want) and it’s our job to show them what they actually need instead.
You could have spent the post-crisis period obsessing over one thing or the other: the Federal Reserve or Corporate Earnings. If you chose to obsess over the Fed starting in 2011, then you wasted hours and days and probably weeks of your life for nothing. The Fed kept rates low and pursued quantitative easing until…