Tag Archives: Great Depression



Economic theory demonstrates that only governmental inflation can generate a boom and bust cycle, and that the depression will be prolonged and aggravated by inflationist and other interventionary measures. In contrast to the myth of laissez-faire, we have shown how government intervention generate the unsound boom of the 1920s, and how Hoover’s new departure aggravated the Great Depression by massive measures of interference. The guilt for the Great Depression must, at long last, be lifted from the shoulders of the free market economy, and placed where it properly belongs: at the doors of politicians, bureaucrats, and the mass of “enlightened” economists. And in any other depression, past or future. the story will be the same. (Rothbard, America’s Great Depression p. 295)

Is Sears the Next Berkshire Hathaway?

A good article about not overpaying for assets.

It’s fair to blame Lampert for making what was, in effect, a major real estate investment near the peak of the biggest real estate bubble in American history. But investors frustrated by watching the share price fall by more than 80 percent from its 2007 highs have no one to blame but themselves. Anyone who bought Sears when it traded for nearly $200 per share clearly didn’t do their homework. They instead were hoping to ride Lampert’s coattails while somehow ignoring the value investor’s core principle of maintaining safety by not overpaying for assets.

See: http://sizemoreletter.com/is-sears-the-next-berkshire-hathaway-2/


Another Viewpoint

I abhor guns of any kind and think it is outrageous that Americans should want the right to defend themselves. How dare this woman seek to carry a gun. Doesn’t everyone know that the government will protect us.

Video Lecture on Stock Market Booms and Busts

Are Booms and Busts Inherent in the Market Economy?

In this excerpt from a lecture at Liberty Classroom, Jeffrey Herbener says no.

Excellent lecture on the stock market’s booms and busts during the 1920s to 1960s. Worth viewing or downloading.


The Best Blog for Behavioral Investing and Improving Your Thinking

The best blog for improving your thinking: www.simoleonsense.com.  You will learn about your own psychology and how you think—essential knowledge for becoming a better investor.  The material on this blog has excellent links.

New York Times Article on the Khan Academy

As previously mentioned, the Khan Academy is a great learning resources for you and for kids. Brush up on statistics, for example.


Referred to here:http://csinvesting.org/placing-ev-and-ebitda-into-perspective-case-studies/

A Protest at the Federal Reserve

http://www.newschannel5.com/story/16181894/protestors-disgruntled-with-federal-reserve-bank. Expect many more of these protests as our currency debasement continues.

Attack on the Austrian View of the Great Depression

I like to read theories, thoughts, or facts contrary to what I think is correct. You test your thinking and, God forbid, you could be wrong. The Great Depression will help you understand the biggest business cycle and depression of the past two centuries. Read: mises.org/rothbard/agd.pdf (Copy and paste into your browser.)

An article on the Austrian view of the Great Depression and the criticism of that view: http://mises.org/daily/5826/Defending-the-Austrian-Explanation-of-the-Great-Depression-from-an-Internet-Attack

Planning Curriculum

I will start this week planning the curriculum to study strategic logic while developing the building blocks for valuation, then tying the two together.