Last week, money markets outperformed stocks and bonds for the first time in 25 years… CNBC reports investors pulled $7.4 billion out of the ETF that tracks the S&P 500 (NYSE: SPY)… and pulled $3.3 billion from other stock ETFs and mutual funds. They moved $400 million into bond funds. But they put over $17 […]
From Mark Ford, editor, Creating Wealth: The three most important lessons in leadership I ever learned, I learned on the dance floor. Several years ago, my wife, K, and I decided to do something about our fear of dancing at social events. We hired a ballroom dance instructor to teach us the basics: one slow […]
From Porter Stansberry, founder, Stansberry Research: For many years, it’s been clear China would soon be pulling the strings in the U.S. financial system. In 2015, the American people owe the Chinese government nearly $1.5 trillion. I know big numbers don’t mean much to most people, but keep in mind… this tab is now hundreds […]
Editor’s Note: Several months ago, we tested a special “Weekend Edition” of The Palm Beach Daily. It included fascinating stories we came across during our research endeavors… often outside the narrow confines of finance and investment. And it was very popular. We learned our subscribers also wanted “first dibs” on the most popular promotions sweeping […]
The Daily’s received some interesting feedback since Tom shared his views on automation (and its short-term fallout for the U.S. economy). If you missed our response to this important issue, you can view it right here. PBRG readers aren’t the only ones interested in robotics… BBC created an interactive tool that shows the chances robots […]
From Greg Wilson, chief analyst, The Legacy Portfolio: They dominate their industries. They have advantages others just can’t match. They gush cash year after year. And they have strong histories of rewarding shareholders through dividends and stock buybacks. I’m talking about Legacy stocks. They’re the best in the world. And now’s a great time to […]
From Owen D.: Tom’s misleading essay on robots in the September 16 Daily was wrong in its basic premise. Robots are to blame? I can’t believe this was even published. It’s as if he’s saying the worldwide use of the internal combustion engine was caused by the demise of buggy whips. Innovation has always helped […]