JASON PRATTES PATRICK JOHNSON COLUMN
The National Football League can be like a tale of two Patricks: Patrick Mahomes and Patrick Johnson. Patrick Mahomes is the superstar quarterback of the Kansas City Chiefs, as they defend their NFL title against the San Francisco 49ers in Super Bowl LVIII (58) in Las Vegas this Sunday. He was picked 10th overall in
Read MoreFive Easy Pieces of Great Advice
Charlie Munger of Berkshire Hathaway died on November 28, 2023, just a few weeks shy of his 100th birthday. He was one of the greatest and sagest investors of all time. With his longtime partner Warren Buffett, he built Berkshire Hathaway to almost $800 billion in market value. It owns Geico Insurance, Burlington railroads, Dairy
Read MoreSo Many Worries, Here’s Some Hopium
What, me worry? That old saying from Mad magazine, a satirical comic book that died in 2019 after a 67-year run, was ironic and meant reveal the opposite sentiment: we should worry about everything. Plenty of things worry us right now: inflation at a 40-year high, oil prices at an eight-year high, rising interest rates,
Read MoreWhen Do-It-Yourself is Die-By-Yourself
It is clear that the Federal Reserve cannot be trusted to protect us from a surge in inflation and frightening bouts of financial instability (see part one of this series). Who will do it for you? After running at less than 2% the previous decade, inflation in February soared to 7.9%, the highest since January
Read MoreFEARING THE FED
That sure was fun, wasn’t it? Last year saw a rather amazing 27% rise in stock prices, despite the Covid-19 craziness, and stocks are up 24% a year for the past three years, so that $100,000 put into a simple S&P 500 index at the start of 2019 had turned into $190,000 by year-end 2021.
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