Diversification

by Bill Parrott on

A young ruler owned several racehorses. His stable was full of powerful thoroughbreds, but one yearling stood out from the others - a beautiful chestnut with a wide blaze. It had an easy gait and ran like the wind while galloping. The young ruler was mesmerized.

One day, while watching his young...

Price and Value

by Bill Parrott on

A young ruler had a magnificent painting hanging in the main hall above his fireplace. Guests and visitors were attracted to its beauty and assortment of colors. It was the focal point of his mansion; he admired it greatly.

While viewing his artwork, the young ruler asked his curator what he...

Should you buy Bitcoin or other cryptocurrencies? Maybe. Bitcoin has performed well this year, up 107%. Though it has done well, it still hasn't eclipsed its all-time high set in 2017. If you want to buy Bitcoin, I would consider it an alternative investment, not as a substitute for cash or a money...

Evidence

by Bill Parrott on

I like math. It's pure and definite; the answers are indisputable. In junior high and high school, I had spirited conversations with my English teachers because our interpretation of events differed considerably. It was my opinion against theirs, and they frequently won because they were grading my...

Election day has come and gone, and pollsters once again missed their mark. In 2016, they forecasted a Clinton landslide, and she lost. This year, Biden was projected to win by double digits, and a blue-wave would overtake the House and Senate. The election is not officially over, but it won't be a...

My Pilot

by Bill Parrott on

My last flight before COVID shut us down was an uneventful one from Denver to Austin. The flight lasted just under two hours, arriving as scheduled. My pilot brought me home safely. She probably examined a thousand items before we left Denver, like checking the aircraft, reviewing her flight plan...

A young ruler wanted a majestic garden with towering trees. He met with his gardener to share his vision. His gardener recommended planting 100 giant Sequoia trees to surround his land. The Sequoia is the most massive tree in the world, fitting for a young ruler. The ruler was pleased with the...

A Correction Is Coming!

by Bill Parrott on

Warning, a stock market correction is coming. The political environment, lack of a financial stimulus package, the pandemic, corporate bankruptcies, civil unrest, and so on will be too much for the market to bear. To prove my point, let's examine a few previous market cycles.

March 9, 2009, to...

I love the great outdoors. Hiking, fishing, camping are the hobbies I enjoy most. My wife and I spent a few days hiking in the Rocky Mountain National Park this summer, and it was beautiful. Our best vacations tend to be outside enjoying nature. We have visited several national parks over the years...

Late to the party?

by Bill Parrott on

It's a bit awkward to arrive late for a party, especially if it's very late. Walking into a room full of strangers once a party has started can be intimidating or embarrassing because it forces you to interrupt conversations or eat food picked over by the punctual guests.

I was late to a junior...