CHAPTER THREE – DISILLUSION Following early success with his paper money policy, John Law’s economic and business plans begin to unravel. Stockholders are beginning to worry and some early signs of selling shares begin to appear. [Chapter 1] [Chapter 2
John Law embarked on an economic experiment to save a failing French economy by introducing paper currency. His bank and his Mississippi Co. became…
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INTRODUCTION In a podcast interview [Link], fund manager Rajiv Lapasia talked about the investment business. Rajiv’s background is unusual. He was a…
We reviewed Black Monday 1987 in a post last year [Link]. It had lots of responses, but the question remains, “What caused it?” That day not only did…
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Every market valuation is a number from today multiplied by a story about tomorrow. After years of dealing with investors’ emotions, I believe investors…
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I wish you a happy and prosperous New Year. The year 2022, that we are filing away, has been a tough one for investors. As we take 2023 out of…
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I received many posts from people about their Black Monday experience, and they are worth sharing. On the occasion you mention, at our firm we each were…
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Reflections on "Going Down Tobacco Road" and Investing