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Mark Skousen

Which School of Economics Will ‘Save’ America?

“Getting rich is easy if you follow three rules: spend less, save more and invest the rest.” — Kevin O’Leary (2021) “What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom.” — Adam Smith (1776) I often ask my college students to come up with one word to describe […]

A Better Alternative to ‘Left’ and ‘Right’ Politics

“There is no left or right, only up or down.” — Ronald Reagan (1964) In today’s world of divisive rhetoric and hostile debates, it’s easy for the media and pundits to divide people into camps, such as “left” wing or “right” wing. We see it all the time on cable TV, the internet and the […]

Lazy Man’s Way to Riches

“Most people are too busy making a living to make any money.” — Joe Karbo In the 1970s, when I was just getting started in the business world, I was fascinated with a full-page ad in a magazine which led with the title, “Lazy Man’s Way to Riches.” The subtitle read, “Most people are too busy […]

Why Ben Franklin Matters

“If you would not be forgotten, as soon as you are dead and rotten, either write things worth the reading or do things worth the writing.” — Ben Franklin On Monday, everyone wrote about Martin Luther King, Jr. But Jan. 17 was also Ben Franklin Day. Monday was the 316th anniversary of the birth of the founding father extraordinaire Benjamin Franklin (1706-1790). Michael […]

Is the Tide Turning in the Pandemic, Politics and Stocks?

“Only when the tide goes out do you discover who’s been swimming naked.” — Warren Buffett (“Maxims of Wall Street,” p. 123) Note: I have a special announcement today. See below. Are we seeing a turning of the tide this year when it comes to the fight against the pandemic, the November elections and the stock market? […]

The Greatest Pro-Investor Breakthrough in Wall Street History

“Most people are beaten up by the market instead of beating the market.” — Mark T. Hebner (“Maxims of Wall Street,” p. 194) What event signifies the greatest breakthrough in Wall Street history? It could be: A.) The creation of the Dow Jones Industrial Average in 1884. B.) The invention of mutual funds in the 1920s. C.) […]