What happens when a cash-strapped economy in dire financial straits is given a children’s chair at the IMF’s new credit bargaining table? It’s citizens start paying for things in jars of olives, machine parts and trays of baklava.
Too big to succeed? When you’re #1, you have a bright target painted on your back. Does our tendency to punish our winners hurt their investors? Yes. In fact, we find the leader in any sector underperforms the average stock in its own sector by 3.5% in the next year … and the next year … and the next year.”
Ever wonder why Albert Einstein said: “The most powerful force in the universe is compound interest”? That’s some endorsement! So what does it mean in real money terms?