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Why Is Gold Rising?

Source: A Wealth Of Common Sense

    Real interest rates are falling. This makes the most intuitive sense. Gold doesn’t yield anything because it doesn’t produce any income or profits. But bond yields in developed countries across the globe aren’t much better than the 0% yield in gold. The dollar is falling. Gold is its own animal as an asset class…

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The Greatest Danger Investors Face

Source: A Wealth Of Common Sense

Benjamin Graham described Wall Street as a “madhouse” and said the stock market “resembles a huge laundry at which institutions take in large blocks of each other’s wash without true rhyme or reason. ”The problem with our industry, Graham insisted, is not speculation per see; speculation has always been part of the market and always…

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Coronavirus Hastens the Rise of the Cashless Economy

Source: Bloomberg

Across the globe, Covid-19 is fueling the rise of  the cashless economy as employees and consumers alike worry that the direct handling of paper currency could spread the coronavirus.But while the change means convenience and fewer virus worries for some, concerns abound for people who don’t have sufficient bank, credit or digital access. In the U.K., the consumer…

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The Big 4 audit firms keep failing. Now they’re being forced to change

Source: CNN Business

The UK accounting watchdog has given Deloitte, EY, KPMG and PwC four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals.The move is meant to ensure that audit practices are focused on “delivery of high-quality audits in the public interest,” and do…

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5 Stoic Lessons On Time Management

Source: Daily Stoic

American jazz icon Miles Davis once said, “Time isn’t the main thing, it’s the only thing.” Seneca once wrote that it’s not that we have a short time to live, but that we waste a great deal of it. We all envelop ourselves in various forms of escapism, hoping either to postpone our responsibilities or avoid them altogether.…

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