Category Musings from Euclid Investment Advisory

Res Ipsa Loquitur

The following MSN article by Jon Markman about the Royal Bank of Scotland’s Bob Janjuah (Chief Market Strategist) “speaks for itself.”  Read it.   Like Markman, we are hopeful, but we in no way rule out Janjuah’s analysis.  http://tinyurl.com/msnjanjuah

Greenspan testifies about his flawed model and Morningstar quotes Buffet

Read the short exchange below.  It’s a quote taken from Greenspan’s testimony to Waxman followed by a brief Buffet quote that we should all heed and to commit to memory.  The most interesting sentences to us are:  “Now in his case, the model breaking contributed to (some say it caused) the most costly meltdown in history. […]

The 86 Biggest Lies on Wall Street

I just finished John Talbot’s “The 86 Biggest Lies on Wall Street.”  It’s concise and very good.  It’s a quick read and a good book to read piecemeal since each “lie” is it’s own chapter and usually only a page or two.  Mr. Talbot is a former investment banker at Goldman Sachs and a visiting scholar […]

May, 2009 Forbes article about Gold — this is a tough business

As the physicist Neils Bohr said, “Prediction is difficult, especially about the future.”  Here’s an article from Forbes that was printed in May of this year — not too long ago, I would argue.  So how easy is it to predict the price movements of an asset?  Well, here are a few quotes if you don’t […]

A lot of moving parts in a busy busy world

Below is a link to another good piece by Nouriel Roubini (on oft quoted favorite) and Ian Bremmer (author of “The Fat Tail: The Power of Political Knowledge for Strategic Investing” (Oxford University Press, 2009).  In short, they lay out what they believe the Fed must do to navigate this ongoing crisis and prevent or […]

Inflation hedges?

Inflation may rear its head in the US.  It may not.  But most investors have been looking at ways to brace their portfolios against the risk of devalued assets.  Here’s an article about the potential shortfalls of some strategies.  http://online.wsj.com/article/SB10001424052970203917304574414712726387126.html?mod=WSJ_hpp_sections_personalfinance. Shortfalls or not, inaction leaves one completely exposed and that is unacceptable.  We continue to use multiple […]

Doug Casey on Gold

(Interviewed by Louis James, Editor, International Speculator) L: Doug, we’ve talked about cars, cows, and cash, but the investment world thinks of you as a gold bug, so let’s give that a go; why gold? Doug: Sure. First of all, it’s because gold is actually money. It’s an unfortunate historical anomaly that people think about […]