“Forecasting is difficult because we don’t know what is going to happen in the future” – Yogi Berra It’s interesting how people tend to extrapolate into the future. They erroneously assume that what has happened recently will continue at the same pace for the foresee-able future. It is a behavioral trait that many exhibit that can be hard to temper. …
**Since yesterday was a big down day in the market, I’ve got a quick thought at the end of this blog. Once upon a time in the country there worked a dairy farmer who was having trouble getting his cows to produce milk. They seemed well fed but as the cows grew fatter and fatter, the milk they produced did…
Have you ever watched Family Feud? Perhaps you were a child when Richard Dawson hosted the game show or maybe you enjoy the current version. No matter, take a moment and: • Name a three-letter word that ends in –ow • Name a chess piece • Name a one-word color for a pair of socks • Name how many batteries are used in…
If you play fantasy football, you probably understand the economic principle of scarcity. Generally, there are a limited number of draft picks participants can use to maximize the talent on their teams. So, it’s essential to know which positions and players offer the greatest value. If there are a lot of great quarterbacks and defenses available, then running backs, tight…
“Papa John” with our middle son Jack at the Lookouts in 2008. Yesterday, the family took the boat out and about for Father’s Day. The lake was relatively uncrowded because many of the weekend boaters had headed down the river to see the fireworks at River Bend. It was nice not having to compete with too many boaters as is…
This past years stock market surge and resurgence of IPO activity takes me back a few years to when we were all still working for a parent company that was significantly involved in underwriting and pushing out IPOs as well as secondary offerings to its financial advisors and customers. Making a public market for companies to be able to create…
“When I find myself in times of trouble, mother Mary comes to me, speaking words of wisdom, let it be.” – Paul McCartney As the lyrics suggest to the classic song “Let it Be” written by Paul McCartney, in times of trouble people turn to soothing melodies, songs that uplift the soul and words of wisdom from trusted advisors and timeless…
