Musings.

Musings

The world, the economy, the markets, and our lives are dynamic. Events can have a large or small impact on us. They can create excitement, cause fears, raise questions, and spark insight.

Listed here are our most spontaneous, timely, and succinct comments on wealth, life, and more.





  • September 30, 2010 - Despite ending the month with a few down days, September

    Despite ending the month with a few down days, September 2010 was among the highest returning months on record for US stocks. The lack of serial correlation from month to month has been interesting to watch, especially considering how wide the monthly fluctuations have been of late.



  • September 29, 2010 - "Failure is not to dream big and fall short rather failur

    "Failure is not to dream big and fall short rather failure comes from dreaming too small and accomplishing it." --George Brookman, past president of Calgary Stampede, while speaking to leaders of the global investment profession in Washington, DC September 25, 2010.



  • September 28, 2010 - The IRS tempered far reaching regulations calling for ful

    The IRS tempered far reaching regulations calling for full disclosure of uncertain tax positions by tax filers. Still, the revised requirements present very real challenges to taxpayers encumbered with more burdensome compliance efforts. IRS Releases Final Uncertain Tax Positions Schedule (Journal of Accountancy)



  • September 28, 2010 - The Small Business Jobs Act is purported to create target

    The Small Business Jobs Act is purported to create targeted tax credits and lending structures aimed particularly at small businesses. Adding complexity to the regulatory and tax landscape for businesses is unlikely to meaningfully advance economic conditions and is likely to extend bureaucratic overreach into businesses that take advantage of what the Act offers.



  • September 28, 2010 - If this quote from the New York Times accurately describe

    If this quote from the New York Times accurately describes Carl Paladino's father, I would have appreciated the man. "Inside, he spoke in aphorisms about hard work, declaring there was 'no such word as ?can?t.? ' " Early Lessons Forged Paladino...(NYT)



  • September 27, 2010 - "A smart man learns from his own experiences. A wise man

    "A smart man learns from his own experiences. A wise man learns from the experiences of others." says Muhammad Jawaid Iqbal, CFA, President CFA Society of Pakistan at the 2010 CFA Institute Society Leadership Conference in Washington, DC.



  • September 22, 2010 - Finally, Novartis received approval for its breakthrough

    Finally, Novartis received approval for its breakthrough MS drug. Jeanne Walen WSJ



  • September 21, 2010 - The Fed indicated that it would stay the course in buildi

    The Fed indicated that it would stay the course in building inflationary pressures in the monetary system. Three cheers to Thomas Hoenig for continuing to publicly dissent. FOMC Statement



  • September 20, 2010 - Morningstar discusses three Retirement pitfalls to avoid.

    Morningstar discusses three Retirement pitfalls to avoid. Annuities -- assumed returns in annuity prices are at historical lows thereby requiring higher up front premiums. Excessively focusing on income to detriment of total return -- foregoing diversification to stretch risk and generate current cash flow. Unsustainable withdrawal rate -- constrained returns and longer life expectancies make traditional withdrawal rates unsustainable. Morningstar



  • September 16, 2010 - The Economist reminds us of a recently glossed-over trend

    The Economist reminds us of a recently glossed-over trend in labor markets. With more value in the machines of production instead of the labor, capital markets are increasingly important to finance economies. Wealth will increasingly accrue to the owners of capital rather than the suppliers of labor. Automating Away the Middle Class (Economist)



  • September 16, 2010 - Please take a moment to consider responding to the latest

    Please take a moment to consider responding to the latest Hawk100 poll on LinkedIn. With the "Bush tax cuts" scheduled to expire, what do you expect for 2011 tax rates and what moves are you taking to prepare? http://polls.linkedin.com/poll-results/102085/ldftw



  • September 14, 2010 - The Weekend Journal had an exceptional piece on

    The Weekend Journal had an exceptional piece on Gearing Up for the Tax Wars



  • September 13, 2010 - My alma mater, Ohio State, ranks #12 in WSJ survey.

    My alma mater, Ohio State, ranks #12 in WSJ survey. Top 25 Colleges (WSJ)



  • September 01, 2010 - We always watch CES for early indications of predicted co

    We always watch CES for early indications of predicted consumption patterns. Regardless, it's fun to see the next killer apps before they die on failed optimism.