What is Your Definition of Money?

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was [...]

1999-2009: a Decade of Stock Market Losses

It’s been a crappy decade if you’ve been trying to invest and make money in stocks. The tech bubble, the real estate collapse, bank bailouts- for the first time since the Great Depression, long term buy-and-hold strategy did not pay off.

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