05-27-2016, 02:10 AM
(05-26-2016, 03:44 PM)Kinser79 Wrote:(05-26-2016, 02:29 PM)Eric the Green Wrote: One thing I don't understand is why you consult economists from a century ago to make investment decisions today.
Probably because their economic theory is more sound than the investment advice one gets from the talking heads on the business channels. As I pointed out earlier, I've not gone broke by doing the exact opposite of what the Wall Street Journal, CNBC, and Fox Business say to do.
That is a pretty good rule of thumb. I like knowing why something works so that if the game changes it is possible to spot it and take timely action. Mises and Rothbard have been very helpful in this regard.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises