The persistent economic recession that was triggered by the financial crisis of 2008 and has lingered through 2010 is showing every sign that it will drag into 2011. This is not intended to be a foreboding of doom and gloom, but an honest assessment of the fundamental...
When examining market bubbles, it is critical to understand exactly what they represent. Fundamentally speaking, a market bubble emerges when expectations about the future growth for a certain asset grow so high that people sacrifice future production and consumption...
Much has been made of bubbles in recent years. The late 1990’s saw the technology bubble, quickly followed by a real estate bubble that resulted from easy-money policies designed to stimulate recovery from the technology recession. Each time that a bubble emerges, it...
Tulip mania was a period in the 17th century during which Dutch contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed. At the peak of tulip mania, in February 1637, some single tulip bulbs sold for...
In 1949, Benjamin Graham published what has become a foundational work for value investing called “The Intelligent Investor” … it has been hailed by Warren Buffet as one of the most influential books that he has ever read. The fundamental thesis of this book, which is...
