Mapping the Major Bitcoin Forks
The emergence of Bitcoin took the world by storm through its simplicity and innovation. Yet, plenty of confusion remains around the term itself. The Bitcoin blockchain—not to be confused with…
More Netflix (NFLX)
Our readers know that we have had a firm position on Netflix. After a selloff and a little bounce, traders ask "now what?" This is a particularly important question as…
Will You Outlive Your Savings?
Saving for retirement is a challenging endevor. Market prices rise and fall and inflation flucturates. To keep up, we are all forced to speculate which we view as a bad…
Modern Monetary Theory
Modern Monetary Theory (MMT) is anything but modern. The technique of governments printing money to pay their bills has been tried and tested over an over again. In the final…
Palladium: The Secret Weapon in Fighting Pollution
The catalytic converter is one of the greatest inventions in the environmental age. It started with platinum, but due to its cost, scientists figured out how to make platinum younger…
Inverted Yield Curves, Recessions
We have read a lot about the yield curve these days. The yield curve is simply a graph of interest rates as a function of time to maturity. Historically, recession follows…
Paychex (PAYX) As Good as it Gets…
Paychex, Inc. (PAYX) provides integrated human resources management services. Specifically, the company offers payroll processing, payroll tax administration, employee payment and regulatory compliance services, such as new-hire reporting and garnishment…
Economic Busts Can Happen in a Free Market. But Central Banks Make Things Much Worse.
Friedrich Hayek, the great Free-Market Economist won a Nobel prise in economics for his work on the causes of the business cycle. Hi works showed that the Fed is the…
The Warren Buffett Empire
Berkshire Hathaway is amn insurance company, holding company and conglomerate all in one. The sutruture of Berkshire as just as much to do with high rates of return as the…
The Lesson in Costco
Costco, the massive big-box retailer, represents an interesting lesson. The lesson being is that there are certain people who are naturally attracted to fast growers and there are value investors who…