Information ≠Wisdom
There’s a lot of information available in the financial press – consider for a moment the 24/7 flow of data from finance-related television networks. But there’s a big problem lurking in all that information. Having lots of information doesn’t truly give you knowledge, and definitely doesn’t give you what you need most [...]

Gold Bug
Gold has one interesting attribute that makes it unique. Throughout all of the history of mankind, gold has been a currency. Why’s that important today? Because people still have a tendency to run to gold during times of uncertainty. Oil prices are going up? The gold bug bites them [...]

Inflation Tsunami
Tsunamis have been prominent in the news lately. These devastating natural disasters start with powerful undersea earthquakes. A swell of fast-moving water ripples out from the quake, and some of those ripples move toward land. By the time the swell reaches land, the momentum of that water pushes giant waves out [...]

Business Models
Financial advice businesses, like any others, try to be profitable, and that profit has to come from somewhere. When you look for financial advice, you should be aware that there are really only four basic profitable business models that this kind of business can choose from. I like to visualize them geometrically, with [...]

Simple Doesn’t Mean Easy
I’ve often found that there are things in life that are simple, but not easy. Like dieting. Losing weight is simple – you just move more and consume less, right? But for most of us (and certainly speaking for myself), knowing how simple it is doesn’t make it easy. [...]