For What It's Worth Blog

It’s been a while since FWIW #45. The primary reason is fatigue from writing about the Fed, its collusion with the political administration and Congress, and its role in creating inflation. I’m going … read more

When I first thought about a career in investing, my research led me to a book, Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay, with a foreword by Bernard M. Baruch, th … read more

Is this it? Last week and early this week, volatility caused a crumbling of the foundation for stock prices. Will it continue? No one knows. What is the cause? A combination of factors. Financial c … read more

It’s been a while since the last FWIW, primarily due to my fatigue from writing about the Fed and inflation. The sanctimonious comments that the Fed is independent from political influence are why … read more

Isn’t this fun? The string of record highs in the major indices is enjoyable. Enjoyable not only because of the ballooning value of portfolios, but enjoyable listening to the various commentators t … read more