Subjective/Objective

Subjective: based on or influenced by personal feelings, tastes or opinions. Objective: expressing or dealing with facts or conditions as perceived without distortion by personal feelings, prejudices or interpretations. In politics and academia, but not sports, there seems to be an increasing trend toward subjective evaluations when objective results don’t provide the desired outcomes.  That … Continued

How Green is Green?

We have previously discussed the issue of definition for funds purporting to offer an emphasis on focused investment themes.  See our blog of April 14, 2021 titled How Many Raisins in a Box of Raisin Bran, in which we suggest that the fund manager decides what is a raisin and what isn’t. Now the European … Continued

Let Them Freeze in the Dark

This comment was attributed to a Wyoming company in February 1973.  Energy prices were rising, but toughened environmental laws prevented finding more energy sources.  Various iterations, some of which were not suitable for general viewing, became popular in Texas during the 1973-74 energy crisis. Now we seem to be seeing Deja vu all over again, … Continued

There Are Facts, and Then There Are Facts

One of the key tenants of successful investing is an ability to determine which ‘facts” are relevant.  Consider recent headlines noting that U.S. Covid-19 deaths had surpassed total deaths attributable to the 1918-19 flu pandemic.  This statement is clearly factually correct.  But how relevant is this data when one recognizes that the U.S. population is … Continued

Sea Power

The Wall Street Journal recently published a review of a new book by Gregg Easterbrook, “The Blue Age: How the U.S. Navy Created Global Prosperity—And Why We’re in Danger of Losing It”, that highlights the relative peace and tranquility on the seas, courtesy of the U. S. Navy.  The importance of ocean shipping has been … Continued

Necessity is the Mother of Invention

This is a well-known proverb, meaning that one of the primary driving forces behind most new inventions is need. Today, much of the world is focused on efforts to combat climate change, largely by reducing dependence on fossil fuels, increasing the use of reusable energy sources, and converting motor vehicles from internal combustion engines (ICE) … Continued

EV Strategies

It is becoming increasingly apparent that governments, throughout the world, are in the process of mandating electric vehicles (EVs), whether or not consumers want them.  Auto maker strategies vary widely.  Looking at the two largest domestic manufacturers, GM and Ford, it is clear that they are focusing on strategies that build on their strengths to … Continued

Financial Literacy

It recently came to my attention that a growing number of large employers have teamed with Operation Hope to address, what they believe is one of the country’s greatest challenges: the lack of knowledge and understanding of how money, and everything that revolves around it, works.  The coalition, “Financial Literacy for All”, hopes to reach … Continued

Monopoly Money

Apparently, some younger, would-be investors (speculators) have become increasingly enamored with, what they believe, are the easy money opportunities offered by Robinhood and others.  Some are using money provided under various unemployment programs.  While they may believe that they are investing, day trading and a casino atmosphere are not investing. It appears that many may … Continued

Zombie Companies

There are numerous definitions of what qualifies as a zombie company, but generally speaking, “zombie company” is a name for companies that should go belly up but are allowed to continue.  Typically, these companies have so much debt that any cash generated is being used to pay interest on the debt, with no spare cash … Continued

Currencies For Dummies

Currency is typically defined as a system of money in general use in a particular country.  This is the case in most countries today.  Historically, periods of exceptional turmoil or circumstances, such as WW II, have given rise to reversions to barter and tangible substitutes for currency. In some instances, even today, individuals have sought … Continued

Do Nuclear Reactors Have A Future?

It has been evident for a number of years that there is very little chance that the electric utility industry will resume construction of large nuclear reactors because of cost overruns, delays, permitting and NIMBY.  However, there does seem to be some interest in miniature nuclear reactors as a source of steady energy that can … Continued