Tuesday, January 23, 2018

SCHOOL SAFETY - FAILURE OF DEMOCRACY...(ORIGINALLY PUBLISHED DECEMBER 2013) NOW ORLANDO....

A recent round-table discussion centered on why security at schools should not include metal detectors and other signs of collective safety.

The argument focused on the deterioration in the quality of schooling which would occur if the schools began to feel more like fortresses rather than educational institutions.

The debate concerned the intrusion of tighter security into the freedom of our schools, which should not be imposed by criminal elements.  The logic went that if the additional security measures were enacted the bad guys had basically won the day.

You could argue and discuss this for a long time but at the end our schools still remain vulnerable.  This last incident in Colorado could very easily have resulted in  many, many more deaths.  We were just lucky.  We might even make the claim that the increased security since Columbine substantially saved a number more lives.

I wonder if the D.C. Federal Judge would have so smugly undermined the constitutionality of the anti-crime terrorists surveillance if "his kid" was blown away by a mad person because security failed to trump our over expectations of what it means to be a free society.

Without safety , the Constitution will lose its value.


Thursday, January 18, 2018

TRUMP AND AFRICA

President Trump has now brought attention to poverty.  Being politically correct buried the story. Continuation of the problem is allowing it to get worse.  The six poorest countries in the world are all in Africa. They are Burundi, Niger, Malawi, Gambia, Liberia and Congo Kinshasa which were all European colonies. 

Wednesday, January 17, 2018

TRUMP AND THE "FAKE"MEDIA - THE REAL STORY (ORIGINALLY PUBLISHE 2/5/17)

This is by far the most important blog we have written in the six years of the existence of our site.

There is no such thing as the free press and media.  There are however less than a dozen large companies that control practically all of the TV stations, radio stations, Internet access, newspapers, etc.

They are Disney, Viacom, Comcast, CBS, Fox and half a dozen others.

These are companies whose sole objective is to increase the value of their shares by attention getting words and pictures.

ALL OF THE PEOPLE WE SEE ON TV ARE ACTORS AND EMPLOYEES OF THESE LARGE CORPORATIONS.  THEY ALL WORK FOR A HIERARCHY OF MANAGERS AND MUST ADHERE TO THE CORPORATE POLICIES AS SET FORTH BY THE CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS AND THE CONTROLLING SHAREHOLDERS.

In addition, almost all the so-called media are reading from teleprompters words that are produced and written by people in the back room probably with an average age of less than 40.

A small group of executives control the media so when President Trump says fake media he is not too far off base.

I will close with one example. In the New York Times Sunday Magazine section dated February 26, 2017 there was an article about the increase in private school enrollment..  If you look at the statistics in the enrollment in private schools you will  find the left wing writer made up the story based on completely inaccurate facts. Private school enrollment is down.  A perfect example of completely fake news.

So when you are watching TV or reading the news,  it is not free speech it is entertainment.

If you really want to get confused, remember that CNBC really should not be in the business of giving investment advice to the public.  What an abomination.  

Tuesday, January 9, 2018

APPLE VS. CALPERS...(YOU DECIDE (ORIGINALLY POSTED 2011)

For years I wanted to write about Calpers. I just never got around to it. It epitomizes one of the things that have been wrong in the investment arena.

Calpers had several hundred billion dollars under management for California state employees. They have long made a practice of complaining about corporate managements who their investment personnel thought were not managing their companies effectively.

The people who made these complaints knew next to nothing about managing companies. They were concerned with self serving publicity. Many of us have known for years that if Calpers had been held accountable for their own mismanagement of the investments under their areas of responsibility, the beneficiaries of Calpers assets might have been rewarded.

The New York Times ran an article today stating that Calpers lost about a quarter of their total investment portfolio during the last few years. Investment professionals will best serve their clients if they stick to money management and not corporate management, which is usually used to serve as a total distraction from their own lack of money management skills.

Thursday, January 4, 2018

THERE'S A LOT OF GOOD THINGS GOING ON...(ORIGINALLY PUBLISHED 6/8/12)

Watch the news, pick up a magazine especially newspapers, watch the TV and immerse yourself in the "everythings wrong" philosophy.

The democratic process, with its unbelievable capacity for openness and sharing of thoughts, seems to thrive on conflict. This conflict results in a vibrant Nation that lurches forward with small and gigantic steps.

All around us the pundits of doom sell negativism.

The reality is anything but. The enormous strides made by democracy and capitalism in the last few decades are incomprehensible. Almost every country has seen the standard of living of its people rise. There is no longer a significant chance of slipping back into extreme socialism and communism. All about us the engine of American and World creativity is blossoming into a whole new era that is only at its beginning.

Cars are changing, jet planes are making huge strides, biotechnology is still alive and well. The immensity of the Internet and all the companies that are continually being spawned is almost too much to grasp. Old industrial America is stabilizing. Revolution in America is not realistic for many years, if ever.

Markets get ahead of themselves, competition for profits is intense and there is a continuum of winners and losers in most spheres of life. The government in all its confusion functions. There is an awareness that so many major components of our democracy need revitalization. So all is not lost.

The market doubled too quickly from its lows. No one I know bet the house on 1 1/2% 10 year government bonds. Most observers are focused on everything but the real picture.

The real picture is our ingenuity. The fact is that most people go to work everyday and most enjoy their jobs.

The deficits will not sink the ship (although they should be brought down). Europe will not sink. Greece will still be there and so will Spain. And Russia, with all its recalcitrance will not do anything stupid. So seek your opportunity, use common sense, pay attention to what you are doing and praise the fact that everyday there is opportunity.

Friday, December 29, 2017

BITCOIN? (EXERPT OF BLOG ORIGINALLY PUBLISHED FEBRUARY 2011)


PART TWO:In order to understand where I'm going with this you will have to allow me to tell you a quick story. My wife Sally and I, during the Internet bubble, were invited to attend a presentation by one of the best asset management firms in the world. This firm had scrupulously avoided investing their clients money in the overpriced dot.com companies. Unfortunately, it's performance had lagged its peers that had invested in those companies and the firm lost thirty percent of its assets under management, solely because they were thought to be an old dowdy company. At the meeting we attended, we were immediately introduced to the new Internet guru of this wonderful asset management firm. We were told he had appreciated money at an annual rate of 500% in the last year and now was the time for all the money that had left their firm to return and they would do all they could to compete with their new investment guru. Only a few "special clients", like us, would be "invited" into this "fantastic investment opportunity". In other words, at the very peak, the rate of asset loss to this money management firm and the enormous emotional pressure they felt was so great, they could not stop themselves from attempting to participate in the craziness. The Internet boom went bust a few months after this presentation, the young money manager was fired, all the money was lost, over $200 million dollars, and quite successfully, this money management firm continues to deliver a steady investment product.



Wednesday, December 6, 2017

SEX....DISPROPORTIONATE DEMOCRATIC HYPOCRISY

The cornerstone of Democratic politics is their alleged emphasis on human rights, human equality and fairness, especially in the work place.

The following list is another outrageous and glaring example of the democratic ideal being significantly represented by people who are not what they tell you they are.

Believe it or not, the following list of individuals accused sexual misconduct are all Democrats.

Shervin Pishevar
Garrison Keillor
Harvey Weinstein
Al Franken
Bill Clinton
Russell Simmons
Charlie Rose
James Levine
John Hockenberry
Matt Lauer
Kevin Spacey
John Conyers
Danny asterson
Dustin Hoffman
Professor William V. Harris
Mario Batali
Ryan Zizza
Tom Carper
Louis C.K.
Tavis Smiley
Morgan Spurlock
Anthony Weiner
Chris Matthews
Peter Martins
Rich Rodriguez
James Franco
Stan Lee
Dr. Larry Nassar
Michael Douglas
Woody Allen
Harold  E. Ford
Aziz Ansari
Bruce Weber*
Omeed Malik
 

Shepard Osherow. All Rights Reserved