• January 27, 2023

Growth Pains

In stock investing there’s a management style called “growth at a reasonable price” or GARP. It seeks to achieve steadier results by avoiding both expensive growth stocks and beaten-down value stocks.

• January 20, 2023

Slow Change Speeds Up

The world’s leading CEOs, politicians, and various do-gooders were in Davos, Switzerland, this week, discussing ways to solve our collective problems and create opportunities for their own companies. The most important conversations were off the record and many of the public speeches were simply performance art. (Sadly, I wasn’t invited even though I have a few thoughts they should hear.)

• January 13, 2023

The Punchbowl Is Gone

The Federal Open Market Committee’s 12 voting members differ on where they think interest rates should go this year. But we know they’re unanimously against cutting rates until at least 2024—or at least they were as of December, according to that meeting’s minutes.

• January 6, 2023

Year of the Pause

“Every new beginning comes from some other beginning’s end.” — Seneca, the Elder

“Democracy is the theory that the common people know what they want and deserve to get it good and hard.” 
— H.L. Mencken