If you ever found yourself saying, "Hmmm ... yet another day has passed and I did not use the quadratic equation once ... very interesting ", then you might question the value of all that algebra you were forced to learn in high school and college.
We have been hearing rumblings over the past few months about “peak earnings”, the idea that corporate earnings have been so good over the past few quarters that going forward they must disappoint and go down. This has a certain poetic logic to it, and also a healthy dose of cynicism. However, we do not buy or sell based on projections.
The Notre Dame football team kept their undefeated record intact last Saturday despite some unsteady play from their quarterback Ian Book. Mr. Book has a lot to live up to at a university that has featured such quarterbacking luminaries as Paul Hornung, Joe Theismann, Joe Montana, and, of course, Johnny Lujack.
What matters and what does not? We stated in our Q3 2018 review that over the long term politics do not matter for equity returns. Remember that fact as we head into US mid-term elections. Who wins and who loses will not effect the long term equity market results.
While perusing the latest issue of USA Today or the Journal of Quantum Information, you may have come across the term "Schrodinger's cat" and wondered, "What is that all about? " Well, this section of the newsletter was specifically designed to settle such questions.
Able was I ere I saw Elba.
High expectations and paranoia have been swirling like a cloud of smoke around Canadian marijuana-producing companies for most of the year. The actual legalization of pot in Canada coupled with increasing deregulation in the United States has created quite a buzz around this industry. To illustrate the mania we will use a concrete example.
Since the time of Charlemagne, every warlord has known one indisputable fact: the first country to successfully militarize its moose population will inevitably dominate the globe. And recently unearthed documents from Russia have shed some light on at least one historical attempt to set loose the martial moose upon the world.