Homo Economicus vs Homo Sapiens: Changing Behavior
Here is a sentence I never thought I’d write: Art Laffer is right. I refer specifically to tax incentives. Laffer was recently...
Trump’s Budget is Actually a Press Release
One of the things we are learning about the former reality TV star / political neophyte currently occupying the White House is that he...
The Retail Financial Advice Industry
Via Morgan Rochard of Origin Wealth Advisers, is this handy graphic showing the spectrum of advice investors can expect from various...
Trump Memo to Sean Spicer on Phony Jobs Data
After Friday’s Bureau of Labor Statistics report was released, the usual presser was held. What follows is a memo found on the floor...
No, the Bull Market is Not 8 Years Old
This Bull Market Isn’t as Old as Some Seem to Think Lots of pundits and commentators use a flawed yardstick that doubles the age of...
We Can’t Bomb Zika
We Can’t Bomb Zika David R. Kotok Cumberland, March 8, 2017 We open this commentary with a link to a column...
Obama’s “Radicalism” Didn’t Quite Kill the Dow . . .
We celebrate several market-related anniversaries this week. Perhaps the best known is the market low during the financial crisis, which...
CEO Pay Is Rigged
Excessive CEO Pay for Dumb Luck The highest-paid managers tend to do the most to destroy shareholder value. Bloomberg, March 6, 2017...
Overpaid CEOs Underperform
I have been mulling this over for a while (see our “Previously” below). Since the late 1970s, this ratio has gone wild:...
