Richardcyoung.com

Running on Obamacare

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If 5 million have signed up for Obamacare then, according to Jimmy Fallon, “that means at least 50 million tried to sign-up.” Here Cato’s Michael Tanner points out that 5 million doesn’t tell the whole story. Consider another set of figures: The administration claims that roughly 5 million Americans have signed up for insurance through Obamacare […]

Edwards’ Law

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Take a politician’s estimated cost for any project, then double it to get the actual cost and you have Edwards’ Law. It was created by Cato’s Chris Edwards and it is always applicable as he shows us here: An op-ed in the Wall Street Journal today indicates that Edwards’ Law of Cost Overruns is an […]

Cato’s Gene Healy on Obama’s Libyan Adventure

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What’s our Libya strategy? Do we need one? Based on the results, no. Cato’s Gene Healy points out:  Libya suffered through an eventful St. Patrick’s Day on Monday: car bomb attacks in Benghazi killed at least eight people, and the U.S. Navy SEALs scored “one for the Morning Glory” by capturing the runaway oil tanker bearing that name in order to return it […]

The Rich Man

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Your approach to this market needs to be like that of my favored prognosticator: the rich man. You see the rich man, as Dow theory legend Richard Russell says, doesn’t need the markets. RULE 3: RICH MAN, POOR MAN: In the investment world the wealthy investor has one major advantage over the little guy, the stock […]

Public Pension Madness

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Alternative investments or hedge funds line the pockets of the well connected, not the public sector retirees that invest in them. Politicians like alt investments because they connect them with the monied class. I like the idea of investing public sector pension money in risk free Treasuries. But the Federal Reserve’s zero percent interest rate […]

Moneyball is Back

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One of the great books on investing is not about investing in stocks. It’s about investing in baseball players. The now well-known strategy discussed in Michael Lewis’ Moneyball tells how A’s GM Billy Beane created an edge by using statistics overlooked by other managers. The league has since caught up to Beane but there may […]

SXSW: Edward Snowden Live from Russia

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The South by Southwest (SXSW) Conference in Austin, TX this week featured guest speaker (via video conference) Edward Snowden. The NSA exposing Snowden’s appearance, as Cato’s Gene Healy points out in his weekly DC Examiner column, wasn’t without some controversy. According to Rep. Mike Pompeo, R-Kan. Snowden’s “only apparent qualification is his willingness to steal from his own […]

Midterms: Obamacare Hurts

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Democrats have thrown everything at Obamacare including Alex Sink. She felt Obamacare was fixable. But the Democratic candidate for Florida’s 26th Congressional District lost yesterday. And she’s not the only Democrat running on a “we can fix it” (with no solutions) campaign. Stay tuned as Cato’s Michael Tanner observes: The same purposeful vagueness can be found […]

Investing to Win the War

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In my close to 20 years working with investors I have found gauging one’s risk tolerance is more art than science. There are models galore that will give you an “appropriate” allocation for your age, income needs etc. But often times that’s thrown out the window when times get tough. And tough they have gotten, for […]