Opinion

Election Season

Election season can be difficult for investors of all political stripes.  Uncertainty abounds.  It’s easy to tie a piece of one’s identity to a candidate or party.  If they win, we feel like winners.  If they lose, we feel diminished.  As far as investing goes, however, our candidates’ fates have about as much impact on our fortunes as our favorite sports teams. Election Season There is speculation every election season about who’s going to be in control.  The color-coding of red vs blue that was supposed to be temporary has been branded into the country’s psyche, a Terrible Towel for your tribe to twirl.  Proposals that are labeled anti-business are soon adopted and re-packaged as protecting American jobs.  Negotiations between parties begin with the numbers.  One side wants $1 trillion.  The other wants $3 trillion.  Only when the parties come close to agreeing on the amount of spending do they…

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iPhones, IPOs, and Interest Rates – The I’s Have It

iPhones, IPOs, Interest Rates Lots of random news today, none of which warrants a full post from me due to either lack of opinion or lack of expertise.  However, here are some places that have worthwhile views on each of these subjects.  Also, don’t forget about the Northeast Ohio PKD Walk on September 21st.  Donate to my team so I can hold bragging rights in my house for the next year.  My son William has his own fundraising page this year, too! The WeWork IPO It’s been hard to avoid news about WeWork.  First as a tech disruptor darling.  Now as fodder for gossip as their IPO plans look shaky.  Personally, I think the founder’s actions and the structuring of the firm tell you all you need to know, but I’m not a stock picking expert.  Professor Damodaran is, however, and he breaks down his view here along with some damning parallels…