

Where's the Lemonade?
Your hard-earned capital is stored labor. It represents the virtues of hard work, thrift, and delayed gratification. It thus deserves to...
Frank Byrd and Stephen Korn
Sep 7, 2020


Bad for Your Wealth
Amen of the Week “Driving back to Portland I’d puzzle over my sudden success at selling. I’d been unable to sell encyclopedias, and I’d...
Frank Byrd, CFA
Jan 31, 2017


End Financial Repression Now
Amen of the Week: "If it don't make dollars it don't make sense." - Chris Brown and Tyga - Ayo End the repression now! The Fed’s zero...
Frank Byrd, CFA
Oct 15, 2015


A Dangerous "Diversification"?
Amen of the Week: Twelve years ago I attended a dinner meeting where Warren Buffett spoke to investors. He said something that still...
Frank Byrd, CFA
Aug 27, 2015