By Lewis Johnson - Prices are everywhere. We pay prices when we want to buy things such as groceries, cars, houses, stocks and bonds. But what else should we consider with respect to prices? Prices are also the most[…]
By Lewis Johnson - “You do not really understand something unless you can explain it to your grandmother.” Albert Einstein Sometimes it’s very difficult to get down to the simple fundamental truths that underlie even[…]
By Lewis Johnson - Investing is an exercise in decision making under uncertainty. We use a variety of tools to minimize uncertainty and increase the odds that our investments are successful. One of the most important[…]
By Lewis Johnson - Mark Twain once said, "History does not repeat itself but it does rhyme." This week we examine a precedent from 1931 for clues to the political debate underway now in Europe. We consider whether[…]
