Richardcyoung.com

Tribal Rights

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Throwing bad money at bad policy is never a good idea. Chris Edwards of Cato explains how Redskins owner Dan Snyder’s money will not drive fundamental change for tribal communities. The owner of the Washington Redskins, Dan Snyder, has launched the Original Americans Foundation to “provide resources that offer genuine opportunities for tribal communities.” Snyder and his […]

You’ve Got Mail

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If Britain can privatize snail mail then why can’t we? It’s a question that deserves an answer. Cato’s Chris Edwards explains: Britain privatized its Royal Mail in 2013, proceeding with an initial public offering of shares that raised about $2.7 billion. The government pursued the reform because the company faced falling mail volume, and it […]

It’s Never too Early to Retire

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Controlling what you spend has some benefits. Forbes talked to two extreme early retirees and developed a three step process that could work if you don’t mind forgoing some of the finer things. Here’s the three-step process Fisker, Mr. Money Mustache and others recommend to pull it off: 1. Embrace a very frugal lifestyle. That means cutting back […]

Running on Obamacare

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If 5 million have signed up for Obamacare then, according to Jimmy Fallon, “that means at least 50 million tried to sign-up.” Here Cato’s Michael Tanner points out that 5 million doesn’t tell the whole story. Consider another set of figures: The administration claims that roughly 5 million Americans have signed up for insurance through Obamacare […]

Edwards’ Law

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Take a politician’s estimated cost for any project, then double it to get the actual cost and you have Edwards’ Law. It was created by Cato’s Chris Edwards and it is always applicable as he shows us here: An op-ed in the Wall Street Journal today indicates that Edwards’ Law of Cost Overruns is an […]

Cato’s Gene Healy on Obama’s Libyan Adventure

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What’s our Libya strategy? Do we need one? Based on the results, no. Cato’s Gene Healy points out:  Libya suffered through an eventful St. Patrick’s Day on Monday: car bomb attacks in Benghazi killed at least eight people, and the U.S. Navy SEALs scored “one for the Morning Glory” by capturing the runaway oil tanker bearing that name in order to return it […]

The Rich Man

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Your approach to this market needs to be like that of my favored prognosticator: the rich man. You see the rich man, as Dow theory legend Richard Russell says, doesn’t need the markets. RULE 3: RICH MAN, POOR MAN: In the investment world the wealthy investor has one major advantage over the little guy, the stock […]

Public Pension Madness

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Alternative investments or hedge funds line the pockets of the well connected, not the public sector retirees that invest in them. Politicians like alt investments because they connect them with the monied class. I like the idea of investing public sector pension money in risk free Treasuries. But the Federal Reserve’s zero percent interest rate […]

Moneyball is Back

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One of the great books on investing is not about investing in stocks. It’s about investing in baseball players. The now well-known strategy discussed in Michael Lewis’ Moneyball tells how A’s GM Billy Beane created an edge by using statistics overlooked by other managers. The league has since caught up to Beane but there may […]