Regulation and Simplification

We have previously commented on the importance of regulations that are clear, concise and broadly acceptable (see our blog posted 14 Sep 2016). A new Securities and Exchange Commission (SEC) rule requires brokers and financial advisors to describe their services, fees and conflicts of interest in “plain English” in a maximum of four pages. This … Continued

Regulation: Yes, No, Maybe?

Widely reported efforts of the current administration to roll back some of the regulatory activity of the previous administration have given rise to the question; are regulations good, bad or appropriate under certain circumstances? Investors should carefully consider this issue on a case-by-case basis.  While overregulation can be stifling, some regulation is often essential.  Consider … Continued


It is abundantly clear that society needs rules (regulations) in order to function.  However, the rules need to be rational and serve the greater good rather than a means to achieve objectives that are not acceptable to the majority. Over the last year, the current administration, through executive orders, has been actively rolling back a … Continued

Coin of the Realm

Meriam-Webster defines “coin of the realm” as:  1. The legal money of a country, or 2.  Something valued or used as if it were money in a particular sphere. Investors and cryptocurrency enthusiasts should also consider another possible definition.  A country’s coin of the realm (legal tender) is what the government (King) says it is.  … Continued

Perception Becomes Reality?

Everyone is probably familiar with the motivational efforts of sports teams’ managers and coaches and legendary half time speeches.  Experience suggests that a team that expects to win, is more likely to be successful, and a team that expects to lose, probably will. Investors might want to consider if the same may apply to business, … Continued

Regulations and Speed Limits

Over the last several months there has been a lot of discussion regarding regulation.  Much of the discussion has tended to focus on regulation as an instrument to further controversial policies.  It is important to recognize that regulation is not inherently bad.  Society needs constructive regulation in order to function and provide all parties with … Continued