15 Nov 2013

Posted at 11:30h in The Friday Brief by
With limited information we make the best decisions we can, and for most people, most of the time, these decisions are based primarily on emotions. We do it because life is busy and we often have little time to gather sufficient facts to make more logical, and most often better, decisions.

12 Apr 2013

Posted at 13:11h in The Friday Brief by
The stock market has been on a tear this week, making new highs while defying negative trending economic news and continued impasse in Washington on vital fiscal policies. The S&P 500 rose 0.4% yesterday to close at a record 1,593.37. It reversed this morning on news that retail sales for March came in well below expectations and that the weakness was broad based.

28 Dec 2012

Posted at 14:45h in The Friday Brief by
Years ago, my brother worked for the Naval Air Rework Facility at Marine Airbase Cherry Point, NC. Each year he would tell us incredible stories of how the military handled surplus near the end of a budget year. One of those years he noticed some large bulldozers digging a ditch roughly 25 feet deep and fifty yards long.  There was nothing unusual about that sight, until he saw that they were refilling it with brand new diesel generators and a host of other pieces of unused, even boxed equipment. So with the books balanced, they covered them over and drove away.