“…nothing hinders a cure so much as frequent changes of treatment; a wound will not heal over if it is being made the subject of experiments with different ointments; a plant which is frequently moved never grows strong. Nothing is so useful that it can be of any service in the mere passing.” “To be […]
Range-bound markets over the past year have made it difficult to earn good returns. Most investors haven’t made any money at all. And this reality has forced them to pile into high-yield products to make up the difference. One popular area to reach for yield has been the energy space. The general belief is that […]
Theory turns toxic when institutionalized. Need an example? Just look at modern economics. Economists surround themselves with models that are supposed to predict everything from inflation growth to GDP. But do they work? Eh… not usually.