The common wisdom among traditional money managers is that “beating the market’”will improve the lives of individual investors. For the sake of bureaucratic complexity, this “wisdom” includes alternative asset classes, active management, economic analysis, market forecasts and risk tolerance questionnaires. All of this presumes that analysts and strategists possess superior knowledge, and to prove it, they […]
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Dutch Master Johannes Vermeer Painted Every Day Subjects While Opening the Universe to Humanity
The Declaration of Independence was signed and executed during an armed revolt against a despotic monarch. The document listed numerous transgressions by the King against the natural rights of his citizens, their collateral oppression, and the de facto forfeiture of sovereignty by the King. While the member States were to exercise self-government under the Articles of Confederation, that […]
John Bogle Asserts the Morality of Profits and Markets
Free market economics is a misunderstood phenomenon. As a dynamic system, it is complex and defies computer modeling. It is emergent, having both micro levels of individual human action and macro global trading systems. Accordingly, capitalism is not a contrived system. It is organic, and to understand it we must identify the essentials. In the […]
The Bourgeois Virtues of Poetic Justice Warrior Deirdre McCloskey
The Adventures of Superman was a syndicated television series that ran for six seasons. Running from 1952 – 1958, its opening catch phrase was Truth, Justice and the American Way. Because they are abstract concepts, they require critical thinking. Because they are virtues, they deserve concrete understanding. As social justice would have it, these virtues […]