The Father of Free Markets Is Not Who You Think
“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is...
Don’t Miss This Once-in-a-Generation Opportunity
When I studied finance in the classroom, roughly 80% of the focus was on evaluating stocks. About 15% was devoted to understanding bonds. The remaining 5% covered everything...
Why the Efficient Market Hypothesis Is Bunk
"I believe there is no other proposition in economics which has more solid empirical evidence supporting it than the efficient market hypothesis." - Michael Jensen, Harvard Business School...
Bet on This All-American Investment Strategy
A friend of mine recently asked me over a couple pints of beer at my local pub, "So what's your favorite book on investing, Nick?" It was a...
The “Blue Zones” of Wealth and Happiness
Two months ago, a friend invited me to a weekend social event at his ranch near Austin, Texas. There I met a journalist who had spent years researching...
The Most Important Secret to Becoming a Successful Investor
"... People will make mistakes. Some will alter their system or jump from system to system as each one has a losing period. Others will be unable to...
Can Economists Teach You the Secret of Happiness?
Happiness, properly defined, is a sense of well-being that comes from a great sense of knowing that you’re on the right path.- Mark Anielski, economist and author of An Economy...
Why Your Kids Are Ignorant About Economics
Readers wasted no time sounding off last week about a 2016 Harvard Institute of Politics poll that found the majority of 18- to 29-year-olds in this country are...
Take These 6 Urgent Steps to Avoid “Negative Wealth Shock”
Most of us take practical steps to maintain good health. We promise to eat less sugar and refined carbs... and more leafy greens and antioxidant-filled fruits. We resist...
Should You Invest in the World’s Most Hated Stock Market?
When I had dinner last fall with Bill Browder, founder and CEO of Russian markets investment fund Hermitage Capital Management, it was an unusual experience. That's because Bill...