In ancient times, having power meant having access to information. Today, having power means knowing what to ignore.
Americans Haven't Been This Optimistic About Stocks for Nearly Two Decades.
Be fearful when others are greedy, and be greedy when others are fearful. - Warren Buffett
It may be that time again. Even more reason to be diversified and work with a true adviser that knows when you should be greedy or fearful.
For you Keynesians out there, look no further than rebuilding our crumbling infrastructure to boost economic growth...
Jeff Desjardins at Visual Capitalist writes:
"Every year, Americans spend a combined 600,000 years stuck in traffic. If you’re thinking that time could be spent a little more productively, you’re not the only one."
If you want to change a person, you've got to change the situation.
My mind went back to the time I worked for Wells Fargo, back when dinosaurs roamed the earth. Keep in mind, this was well before the account opening scandal, but the pressure to sell was made crystal clear.
We forget the things worth remembering, but remember the things worth forgetting.
The biggest contributor to the Dow's increase to 20,000 has been Goldman Sachs (GS), accounting for about a third of the last 1000 points. The CEO, Lloyd Blankfein has seen his Goldman stake increase by close to $200 MILLION. The #2 guy there? Gary Cohn just left Goldman to jump on the Trump Train, unlocking close to $300 MILLION in compensation by doing so.
Yes, that's the same Goldman Sachs that was once described as a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money."