Mindblown: a blog about philosophy.

It is hard to explain how good the month of November 2024 has been. Not only did the financial markets hit all-time highs, but there was also a new and better perception by the public that we are entering a growth cycle in the coming years as compared to the previous years. I have so…

I guess you could classify me as one of those forecasters above. I am not sure whether it is the former or the latter, but in either case, the end result is the same. There is an old saying that the reason economists have jobs is because they tend to make weather forecasters look good.…

No two ways about it – the third quarter of 2024 was an excellent quarter. As was the year ended September 30th, when all major indexes enjoyed double digit returns. Given all the strife currently in the world, it is hard to believe that the U.S. economy continues to remain resilient. I have many items…

In the first part of August, I received many phone calls from clients who believed the world was surely coming to an end. I reassured them that the sell-off in early August was based on incomplete information and the work of professional traders. As I wrote in the last posting, I did not anticipate that…

Since announcing my semi-retirement, I have been reminiscing on my 35-years of investing for clients and my 53-year CPA career. In the beginning, we did this job without the “essential” technology needed today. The entire financial world didn’t depend on technology the way the industry does now. In this post, I would like to cover…

The month of June was an extraordinarily good month for our investments since they grew unexpectedly to mid-year heights. It is hard to imagine that for the first six months of 2024, the S&P 500 Index was up an almost unbelievable 15.3%. With all the pessimists discussing the negative things that could happen in the…

I know I write endlessly about the importance of investing early and often, yet most people do not realize how important this is in creating generational wealth. I am positive that most people reading this posting never thought they could even consider creating generational wealth for their children and grandchildren. However, it is within the…

Over the last several years, the profession of an economist has fallen to new lows. And quite frankly, they deserve the demotion they have received. Going back to 2022, the economists were adamant that the economy would shrink and recession was inevitable in the coming years. They could not have been more wrong. The most…

It is hard to explain how satisfying the financial year was for 2023. After the dire predictions of Wall Street for recession and a down financial market, we had one of the better financial performances in the U.S.’s economic history. The stock market rally resulted from improving inflation, the concept that the Federal Reserve was…

For the last two months, the Standard and Poor’s 500 Stock Index was up 14.1% yet you do not read much about that rally in the financial press. At the end of September 2022, the S&P 500 was down 23.9%, clearly in bear market territory. At the end of November 2022, that same index was…