Click here to download PDF and print.
“The psychological effect of stock market activities on business is, I think, overemphasized…I do not think that the fall in security prices will itself cause any great curtailment in consumption.”
– E. H. H. Simmons, president of the NY Stock Exchange,
“The world economy is like an ocean liner without life boats.”
– Senior HSBC economist, Stephen King.
What Happens When a Dragon Flaps its Wings?
Have you ever heard of the butterfly effect?
“If you are on the wrong road, progress means doing an about-turn and walking back to the right road; and in that case, the man who turns back soonest is the most progressive man.”
– C.S. Lewis
When the Punch Bowl Runs Dry
In this week’s Guest EVA,
“To me, being prepared means being suspicious of trends that common sense tells us cannot last forever and yet have been in force for so long that a majority of investors sees them as being ‘normal’ .“
– Super-star investor, Howard Marks
LIVE BY THE TREND,
“There is nothing wrong with America that cannot be cured by what is right with America.”
– William J. Clinton
The Fourth of July has always been my favorite holiday. Growing up in the Pacific Northwest, Independence Day always meant the “official” start of summer and a big reason to celebrate.
We are using cookies to give you the best experience on our website.
You can find out more about which cookies we are using or switch them off in settings.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
You can adjust all of your cookie settings by navigating the tabs on the left hand side.
At any point, you can review the personal data stored and request that it be anonymized by clicking here.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
More information about our Cookie Policy
