Posts filed under “Finance”

Economists versus Strategists

True story:

I get a call from an institutional client of the firm; Runs a bunch-o-money in Europe. He notes that a lot of my recent “Big Picture” commentary has been “economic in nature lately.”

“Well, thats where the action is at this phase of the cycle” I say. GDP, ISM, Manufacturing are all starting to show feeble signs of life.”

He wants to know if I am an economist.

I tell him “No, I’m a Strategist.”

“Whats the difference?” he asks.

I had to mull over that over for a while.

“A Strategist,” I tell him, “Is someone who is wrong about the future. An economist, on the other hand, is someone who is wrong about the past.”

He laughs it off. Too bad its sad, but true . . .

Category: Finance

Giving the benefit of the doubt to the Bears

Category: Finance

The Amazing Disappearing Tax Revenue

Category: Finance

Defense Spending ?

Category: Finance, War/Defense

Mutual Fund Round Up

Category: Finance, Media

Enron untouched in fight against corporate fraud

Category: Finance, Media

Bond Market Slams on the Brakes

Category: Finance

More lag . . .

Category: Finance

Economic Data Imperils Rally

Category: Finance

Terrorism Futures Market: Much Ado About the Wrong Thing

Category: Current Affairs, Finance, Politics, War/Defense