Democracy, Populism, and the Tyranny of the Experts

Is it better never to put your ideas in writing and thus be thought a vacuous fool, or is it better to launch your own blog and remove all doubt?

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Cash Is King

The least trustworthy people are those who claim to have seen it all coming – after it has all come.

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Explaining Donald Trump, Part 6

I have met the enemy, and he is me. (What Trump, channeling Pogo, should be saying to himself every morning)

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Explaining Donald Trump, Part 5

Donald Trump has been such a disruptive agent during his first few months as President that it’s easy to dismiss him as hopelessly incompetent. That would be a mistake: one common way MEPs prevail is because other people write them off as unhinged lunatics. I’ll get to the lunatic aspect of our MEP President in a minute, but, first, let’s give the devil his due. Lost in all the chaos is the fact that some of Trump’s bewildering behavior accomplishes useful things. For example:

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Explaining Donald Trump, Part 4

There is so much emotionalism about Donald Trump – both pro and con – that I’m trying to explain his behavior by looking at issues outside the man himself. I’m looking at how people behave who have very similar personality types (i. e., MEPs) and at how people are likely to fare in the Presidency if they, like Trump, have never held elective office. In particular, I’m looking at people who share both those traits.

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Explaining Donald Trump, Part 3

I’m claiming to be able to explain Donald Trump – and predict his actions as President – by reference to only two of his characteristics. The first is that he’s what I’ve called a Mega Entrepreneurial Personality, a trait he shares with an infinitesimally small group of Americans.

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Explaining Donald Trump, Part 2

I’m determined to explain Donald Trump by referring to merely two of his traits, the first of which I’ve dubbed the Mega Entrepreneurial Personality, or MEP. Here are a few more examples of MEP characteristics we’ll need to consider as we try to understand the 45th President of the United States:

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Explaining Donald Trump

If writing about music is like dancing about architecture, then explaining about Trump is like sneezing about hermeneutics.

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Capital Preservation Paul, Part 7

Well, the best-laid plans…

I’d intended to interview the contestants in our little investment contest to get their take on the markets and on how well or badly they, personally, had navigated the various challenges those markets had offered. I was especially interested in what, if anything, the contestants had learned. But I was mainly thwarted.

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Capital Preservation Paul, Part 6

Bull Markets and Bear Markets are such momentous events that they tend to fixate investor attention to the exclusion of more important matters. Most people, for example, would define a “market cycle” with reference to Bulls and Bears.

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