…en ticking up over the last few years, and, if we exclude the cash-rich Technology sector, leverage is approaching all-time highs (Chart 9). Table 9: S&P 500 valuations: October 2004 vs. today Metric 10/31/2004 Today (12/31/16) Fwd P/E 15.6 16.9 Trailing P/E 16.7 22.0 Median F...
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improper.” This was more than 30 years ago, at a time when being gay, and certainly being gay in the armed forces, was a much bigger deal than now. But I still had no doubt at all that this amounted to a witch-hunt. Moshe still said nothing. “I have no idea whether Dan is or is...
…e Palestinians, I agreed. I figured even Arafat might realize at some point that if he did want a negotiated peace, the time for dithering was over. Clinton would no longer be president in five months’ time. Unless I could find an alternative way to refortify my coalition over th...
…the brain. We don’t have to think, “that hurts” Instead, our finger reflexively pulls away. We may say ouch, but by the time we do, our fingers already moved away from the heat. Nerve cells are much slower than the electronic systems we build with copper and silicon. This speed...
[9 has said it will not run its own candidate this time but it might still throw its weight behind one of the candidates who is running.) Independent candidates can get on the ballot either by getting a certain number of endorsements by parliamentary deputies or gathering signat...
…has been the Holy Grail of capital theory. Boehm Bawerk contributed a big advance by revealing return as an artifact of time preference rather than the other way around. Some including Irving Fisher have seen that beautiful insight as enough. Not me. What explains and quantifie...
foreign funds repatriation plan that 1 had put together. . however as you are aware I have some decisions to make re my time allocation in the next year or two. so at least for a few weeks I am unable to commit much time and make any future plans to guide you in the redoing of yo...
…ng days in 2016 (producing losses of over -66% in total) 3 and on those days, we were positive approximately 55% of the time, and generated almost half of our total net returns for the year. Given that we aim to be a protector of capital in markets that most managers will lose ca...
…, there is a more profound observation to be made. These doubts invade the mind when nothing else fills it. Think of a time when you felt 100% alive and undistracted—in the zone. Chances are that it was when you were completely focused in the moment on something external: someon...
Four security guards escorted me there. By the time Marc and | met again at the end of the three prong red carpet, "La La Land" publicist and West Coast campaign queen Lisa Taback was furious I’d told the shaken producer his film might lose. | said, "Kelly Bush said that, not me....
…till sweltering from the heat. Trying to tire myself out, I did some reading and eventually fell asleep. | needed those times to unwind after such an ordeal, letting the Xanax wash away all of the pain I could then forgive the mistakes I had made, blaming myself for staying aroun...
…iew of Trump Se $e >> SUBJECT; GINGRICH VIEW OF TRUMP >> >> Soe $e >> Understanding Donald Trump The Washington Times January 8, 2016 by Newt Gingrich >> >> Donald Trump is a genuine phenomenon. He may or may not become the Republican nominee for president. He may or ma...
…is massage that night. He asked me to just rub his feet as he fell asleep, and thankfully he was out like a light in no time. The next morning I took two headache tablets and a ginger ale instead of a coffee. Trying to contain my hangover as best as possible behind a pair of sunn...
…r are rarely well- served by the criminal justice system, and thus have particular incentives to seek alternatives. Sometimes, this field is called "transformative justice" or "restorative justice." Here is a post that links to a number of resources on transformative justice: ht...
…cle Sam, because typically people don’t come to me unless the Justice Department wants to put them in prison for a long time and take all their money. White Collar Titan Reid Weingarten on Juries Clients and the Scariest Federal Prosecutor... http://www.litigationdaily.com/printe...