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Daily Archives: January 7, 2009

History of Economic Recovery

January 7, 2009
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I received this email from an anonymous reader. “You are missing the elephant in the living room. The Wall Street and markets you knew are gone. The Federal government has taken over and it will never be the same. Following the past approaches will eventually lose your following.” Well, it’s true that Washington has more influence than it used to, and I’m not a fan of the trend.  But I remain fully confident that markets will continue to function, that creative forces are alive and well in both the U.S. and around the world, and that companies both large...

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The Value of Doing Nothing

January 7, 2009
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I recently received this email from a longtime subscriber who enjoyed a long and successful career as a professional musician and band director. “In a band I played in, we came to a section in a piece where it was mine to do with what I might.  I did. “Director stopped us and asked what “that” was all about and didn’t I understand that we got paid as much for the rests as for the notes?  I guess I didn’t.  I later understood that this observation wasn’t original with him, and likely whoever did invent it must have been...

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