Interesting, successful people rarely lead orderly, linear lives.

Read obituaries. They are just like biographies, only shorter. They remind us that interesting, successful people rarely lead orderly, linear lives.

Sharing and competition

Life is not about sharing.

It is about competition.

Life is incredible competitive.

The chorus of people telling you the opposite are  hypocritical liars.

The tough realities of competition for success create winners and losers.

The reality is that the competitive world is every year harder.

Demographic trends will increase portfolio returns.

Good News for Boomers

Demographic trends will increase portfolio returns.

As retirees live longer and keep stocks and bonds , there will be younger investors trying to buy those securities, keeping prices up.

Meanwhile, weak demand from boomers and a big supply of unemployed workers will bring down the prices of goods and services the boomers need.

When something of value is free

When something of value is free, it runs out fast and only the well connected get any.

Interest rates at zero cause cheap credit for those with special access but shortage for small business.

Keeping rates artificially low makes the bond market useless as indicator of risk across the economy.

Only a growing unequal society can take care of health care, education and retirement.

Only a growing unequal society can take care of health care, education and retirement.

You can buy income security and a sense of well-being and accomplishment by working harder and being self-employed.

Wealth redistribution fight income inequality however income inequality is the son of economic growth and economic growth is a prerequisite for income gains in the poor.

Everyone should pay for his own health care.

Everyone should pay for his own health care.

Responsibility is the only valid health care system.

In the same way that everybody knows that each one pays for his food, everyone should pay for his own health care.

Health care

Health care would be less expensive if everyone were covered. But reducing costs while increasing access are irreconcilable issues.


The truth about what "universal" coverage really means: Runaway costs followed by price controls and bureaucratic rationing.