Mark Skousen
Get Ready For Stagflation
“This is the least responsible macroeconomic policy we’ve had in the last 40 years. The primary risk to the United States economy is overheating — and inflation… Policymakers need to accept economic reality. The moment has come to move past emergency policies.” — Larry Summers, Director, National Economic Council Larry Summers knows what he is talking […]
Peter Drucker’s Incredible Prophecy Comes True
“The private corporation represents the ideal social institution, the only free non-revolutionary way for a new social order. America must take the lead in building the free industrial society.” — Peter Drucker During my lifetime, most Americans looked to the government to solve the problems of poverty, unemployment, racism and inequality through a variety of social, […]
Are We Seeing the Return of Jimmy Carter?
Editor’s Note: Because of my bike injury, I can now write with only one hand for the next couple of months. To help out, my dear wife Jo Ann has graciously written today’s Skousen Cafe. My husband Mark and I were married in the spring of 1973 — Patriots Day, to be exact. An unpopular […]
Arnie vs. Jack: Who Was the Better Investor?
Originally published May 28, 2020 “I’d rather win one big tournament in my entire life than make the cut every week.” — Arnold Palmer (p. 163, “Maxims of Wall Street”) I’ve played golf most of my life and have always enjoyed the sport once I stopped keeping score! I especially remember the invitation I received […]
The #1 Rule of Investing From the Wizard of Wall Street
Originally published on August 6, 2020. “The really great fortunes are made by concentration, not diversification.” — Gerald Loeb, “Maxims of Wall Street,” p. 157 Who is quoted the most in “The Maxims of Wall Street”? Among living legends, the Oracle of Omaha has the gift of wisdom. Warren Buffett is quoted 34 times in […]
How to Destroy American Ingenuity in One Easy Lesson
“Avoid investing in those countries with a high level of socialist or government regulation of business. Business growth depends on a strong free-enterprise system.” — Sir John Templeton (“Maxims of Wall Street,” p. 150) I met John Templeton, the founder of the Templeton Growth Fund when I lived in the Bahamas in the 1980s. He made a […]