Lodestar

by Bill Parrott on

Lodestar is the new buzzword for the year. It recently appeared in an anonymous New York Times Op-Ed article: “We may no longer have Senator McCain. But we will always have his example — a lodestar for restoring honor to public life and our national dialogue.”[1]

What is a lodestar? According to...

About twice a month I receive an invitation to a steak dinner at a local restaurant from two different investment firms. These firms are offering retirement planning seminars to make sure I don’t run out of money during my golden years. 

As I scan their elaborate mailers, I drop my eyes to the...

Losers

by Bill Parrott on

The Washington Generals have been playing basketball since 1952. During their tenure they’ve won three games, one in each of the following years – 1954, 1958 and 1971.[1] Despite their lackluster output they repeatedly play in front of sold out crowds at over 450 events per year. Why? It’s because...

The sound of a train whistle piercing the night sky conjures up images of distant lands and the rhythmic clickety-clack of the wheels on the track is therapeutic.  

Riding a train from Los Angeles to New York is an exciting way for passengers to see our amazing country. If a passenger boards the...

On August 7, Elon Musk tweeted: “Am considering taking Tesla private at $420. Funding secured.” His tweet caused a storm on Twitter and in the stock market. At the time of his tweet, Tesla shares were trading around $343 per share before soaring to $387. Since the tweet, it has traded in a range of...

Every now and then a small country seeps its way into our financial engine. A few years ago, it was Greece, today it’s Turkey. Turkey is in crisis with the Lira falling 30% and its stock market dropping 17%.[1] The Turkey ETF (TUR) is down 50% for the year and it is inflicting havoc on emerging...

The wolf was eradicated from Yellowstone during the 1930s. They weren’t protected in the national park because they’re predators and, as result, there were no wolves left to maintain order. At first, there was little change to the ecosystem, but over time it changed dramatically. With one less...

4 x 100

by Bill Parrott on

The 4 x 100 relay race is one of the most exciting spectacles in all sports. Four extremely fast human beings pass a baton with precision as they speed around the track. The current world record is held by Jamaica, anchored by Usain Bolt, with a blistering time of 36.84 seconds.

The collective four...