I can remember walking into my first economics class back in 1992. The professor had drawn a chart titled something like, Supply, Demand and The Flow of Money, Goods and Services, on two huge chalkboards that covered the front wall of the theater style classroom....
After a year like 2020, it is impossible to avoid a hyperbolic statement like, “it’s been a crazy year!” because it has been a crazy year. Here’s just a few of the significant occurrences: a worldwide pandemic that shuttered the global economy and claimed hundreds...
My oldest son Miles is in kindergarten this year, and for the last 6 weeks or so has been going into the physical classroom after starting the year 100% virtual. It's been a strange year for everyone, but Miles has done a great job adjusting,...
What a year. After a global pandemic, a recession, unprecedented unemployment and a messy presidential election, most of us are ready to throw in the towel and ring in the new year. In fact, I'll bet if you'd had a crystal ball and could have...
There is no finer bourbon in the world than Pappy Van Winkle. A quick Google search for their 23-year-old Kentucky bourbon will bring up bottles for sale in excess of $4,500, or roughly $225 a shot. (Not that anyone takes shots. This is a sipping...
The world is a complicated place. It always has been and always will be. It's a place where beautiful and terrible things are happening in the same place and at the same time and sometimes even in the same people. Maybe in 2020 this is...
Lately, it seems that almost everybody I talk to is having a harder time sleeping than they were 9 months ago. That doesn't surprise me given everything that's going on in the world today. Between COVID, the election and having kids home from school, the...
My parents didn't allow video games in the house until I was a teenager. Prior to that, the only way for me to get my fill was to head over to Jon Jackson's house to play the original Nintendo. We played Duck Hunt, all the...
What if your job isn't secure? What if your trading strategy fails? What if housing prices don't go up forever? What if this isn't the end of the world? What if you get through this? What if things turn out better than you imagined? Maybe the most...
At Beacon, we believe that when it comes to planning and investing, you should spend all your effort focusing on things you can control. That seems like such an obvious strategy but it's amazing how easy it is to let the things we can't control...
