Author: kwsm

Strive for Antifragile, Accept Resilient, and Don’t Rely on Crowdfunding When I was a child, my father was injured on the job and could never work again beyond sporadic and … Read More

There’s an old business school joke about an entrepreneur who prices his widgets at half the cost of making them. “It’s true I’m losing money on every sale,” he explains, … Read More

Rates Moving Rates The U.S. Federal Reserve Board once again raised the so-called fed funds rate, the rate that our central bank charges lending institutions on overnight loans. Does anybody … Read More

Sizable Cities What are the largest cities in America? If you answered New York, Los Angeles, Chicago, Boston etc., then you’re answering a different question. ‘Largest’ implies not population but … Read More

The U.S. Fed is experimenting with a digital dollar, but this does that mean embracing bitcoin? The answer to the second question is: absolutely not. But the concept of a … Read More

In investing, the most normal inclination in the world is to question why an underperforming investment was included in the portfolio. Recently, those questions have surrounded international stocks, which, since … Read More

If you’re looking for something to worry about, consider bankruptcies. Normally, we see an uptick in companies filing for bankruptcy during recessions—for obvious reasons. An economic slowdown generally means fewer … Read More

Trying to Time the Market – In this issue The impact of being out of the market for a short time can be profound, as shown by this hypothetical investment … Read More