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Know and Believe Are Not Synonyms

In making investment decisions it is important to understand the difference between that which we know and what we believe.  They are not synonyms. According to, know is defined as, “to perceive or understand as fact or truth; to apprehend clearly and withcertainty.”  Believe is defined as, “to have confidence in the truth, the […]

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A Prophet of Profit?

In the morning banter amongst hosts on the television business channel CNBC recently, a comment was made about the veracity and accuracy with which some high profile investors prognostications are assigned when speaking through the media.  Most investors are aware of the overwhelming success of these legendary investors such as Warren Buffet or Peter Lynch […]

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Unknown Unknowns

The following phrase is taken from then Secretary of Defense Donald Rumsfeld’s response to a question during a news briefing on February 12, 2002. “Reports that say something hasn’t happened are always interesting to me, because as we know, there are known knowns; there are things we know we know.  We also know that there […]

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