In the long run, math is pretty much always right. That’s why insurance companies are so profitable. They make predictions using the law of big numbers. Math can predict pretty much anything. Even Sports! I just re-watched the movie Moneyball about how the Oakland A’s made an improbable run in major league baseball in 2002 […]

418: Using Math to Your Advantage

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430: Velerity Wealth Update 05/22/24

Tom Wheelwright, my friend and author of Tax-Free Wealth, describes the US tax code simply as a series of government-sponsored incentives. As someone who hates paying taxes, this fact has made me extraordinarily patriotic. The problem is, that sometimes incentives backfire. Case in point—during the British Raj rule in India, there was a proliferation of […]

429: Taxocracy

My key takeaway from our guest (Ryan Bourne from the Cato Institute) on this week’s episode is that policy mistakes that adversely impact the free markets happen for a variety of reasons:Misread of dataPoor use of policy toolsPolitical motivationNational Security interests Whatever the reason, the consequences of policy mistakes are real for investors.  For example, […]

428: Velerity Wealth Update 5/15/24

I have frequently described myself as most aligned with libertarian thought when it comes to my own politics. In terms of the economy, libertarians believe in the concept of a free market. Libertarians argue that a truly free market fosters prosperity, innovation, and individual liberty. But that doesn’t really describe the American economy, does it? […]

427: A Libertarian Perspective on the Market Economy

Regarding the recent Podcast: A more relevant concern may be focused on the appetite or ability of investors to buy the quantum of debt being issued by the US government. As investors how do we position our investment portfolios for risks related to spiraling and unsustainable debt levels by our government: Current market trends

418: Using Math to Your Advantage

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