Author Archives: Elliott Morss

Lenox in the Berkshires: Down and Out?

Nora Caplan-Bricker recently wrote a piece for Boston Magazine – “Down and Out in the Berkshires.” Down and Out? My comments on her piece follow. As you point out correctly in your next paragraph, the Berkshires are going through a … Continue reading

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Labor Saving Technologies and the Demise of the Working Class

Introduction The US economy is growing at a healthy pace and unemployment is low. But behind these healthy signs, a large portion of the working class is not doing well. These problems are highlighted in a new study co-authored by … Continue reading

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Financial Services: Like the Entertainment and Gaming Industries?

Introduction In a recent reading of Validea’s Guru Investor Blog, a quote from Georgetown University finance professor James Angel struck home to me: “One of the open secrets of the financial-services world is that we’re also in the entertainment and … Continue reading

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Paying People Too Much – A US Problem

Introduction The New York Times just published its annual report on executive pay. It is a regular reminder of just how out of line US income policies are relative to those in other developed nations. A summary of their results … Continue reading

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The Growing Global Threat of Labor-Saving Automation

Background There is a sense, perpetrated by the American President and others, that US job losses are primarily the result of Chinese currency manipulations and its low-cost labor. Certainly some US jobs were lost that way. But as I and … Continue reading

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Rand Paul – This Budget Deal Is a Disaster

Introduction Here is what Paul said: We spend too much money and borrow too much money. And, actually, we’re going to bring back Obama era deficits. I was elected to combat Obama era deficits. I remember running for office and … Continue reading

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Important Changes Are Occurring in the Investment World: Which Ones Really Matter?

Introduction I recently wrote a piece on what can be expected from blockchains and crypto-currencies. But there are other important changes taking place in the global investment industry. And some of these are just summarized in a series of articles … Continue reading

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Blockchains – What Are They? What Can We Expect?

Introduction I know very little about blockchains (BC), distributed ledger systems, and crypto-currencies such as Bitcoin. But I am a bit dumbfounded by the claims of what “the BC era” will bring. In what follows, I comment on some of … Continue reading

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Bank Regulations – Why the Current Approach Will Fail

Introduction The 2008 banking collapse, leading to the most severe recession since 1929, prompted a wide-ranging set of efforts to insure it did not happen again. These actions have included requiring banks to hold larger cash balances and more precise … Continue reading

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Why You Should Be Holding Chinese Equities

Introduction In a recent piece, I made the case for investing in emerging markets. Upon further reflection and research, I make a more specific recommendation: you should hold Chinese equities in your portfolio. Details of my reasoning and specific investment … Continue reading

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