The annual company holiday celebration took place this past weekend at Steak ‘n Stein. As the President and Founder, I felt it was vital to share a few words. Below is an excerpt of my thoughts…
First and foremost, 2013 proved to be yet another challenging year for our modest business. Any progress we made was overshadowed by our numerous shortcomings. Whenever we encountered potential opportunities, we somehow managed to squander them, only to find ourselves falling flat. Despite these setbacks, we strive to maintain a positive outlook…
When we embarked on this publishing venture back in 2006, our goal was never to craft a groundbreaking product. We imagined selling newsletters would be akin to selling bagels with cream cheese; a simple transaction of offering a deal, such as “buy five and get one free,” with people flocking to us for more.
Of course, this was just the first of many errors in judgment. The reality of selling newsletters has felt like trying to sell ice cubes to Eskimos; we can scarcely give them away, even at no cost! The paid subscriptions we’ve rolled out have been received with an almost painful silence from the market, a quiet that feels almost deafening. Continue reading
Fantasy Stocks for a Fantasy Market
By Doug French, Contributing Editor, Casey Research
Markets do not announce their peaks, but when Fantex Holdings proposes to sell shares in professional athletes, along with actors and musicians, it sends chills through the spine of investors.
This is no longer your grandfather’s marketplace, considering companies like Buffalo Wild Wings trading at over 40 times earnings and Amazon, despite its lack of profit, valued at $350 per share. Moreover, Netflix, pumping a mix of old cinema and limited new content to subscribers, is valued at 280 times its earnings.
In today’s landscape, American industry has clearly transformed.
Once upon a time, the saying “As General Motors goes, so goes the nation” held true. Nowadays, the obsession lies elsewhere: fantasy football. This billion-dollar enterprise has adults pitting players against each other like living dolls, igniting a new era of competition. Continue reading
To stimulate the mind and engage the senses, we start with a classic paradox…
“A man states that he is lying,” posed the ancient Greek philosopher Eubulides of Miletus in the fourth century BC. “Is he telling the truth or deceiving us?”
Consider this: If his assertion is truthful, then he is lying, which means the statement is false. Conversely, if he is not lying, then his statement is true.
Clearly, this logical exercise leads to a contradiction. It knots the mind into an intellectual tangle. How can a claim be true and false simultaneously? It cannot. This leaves us at an unsolvable deadlock known as the Liar Paradox.
Discussing this paradox serves a purpose. It fosters the kind of deep thought that many seem to shun today. Additionally, it sets the stage for a thoughtful exploration of modern monetary policy… Continue reading
Not too long ago, around the time of the 2008 financial crisis, the United States faced the grim reality of a relentless energy crisis. U.S. oil production, which had peaked in 1970 at nearly 9.6 million barrels per day, was in a long, gradual decline.
The escalating reliance on oil from the Middle East placed the U.S. in a vulnerable geopolitical position, necessitating an increase in military action to secure energy supplies. Dependence on foreign oil became increasingly precarious.
However, something remarkable and unexpected occurred. After falling to about 5 million barrels per day in 2008, U.S. oil production staged a comeback. Instead of the downward trend continuing, production surged once more.
According to the International Energy Agency (IEA), domestic crude production reached 7.8 million barrels a day as of the week ending October 18, marking the highest level in nearly 25 years. This turnaround is nothing short of astounding, revealing numerous significant implications. Continue reading
In this revised article, the content maintains the original structure and all images are preserved. The readability and flow have been improved while providing a coherent introduction and conclusion.
