As the play-acting drama of the "fiscal cliff" negotiations continue -- a drama that would be ridiculous and laughable were it not so detrimental to the ability of individuals and businesses to plan for their immediate future -- we would like to offer several related observations.
First, we point out that the entire "fiscal cliff" scenario...
Thursday, December 13, 2012
AIER's essay on "A World of Persistent Inflation"
Last week, the venerable American Institute for Economic Research (AIER) published a clear and comprehensive study of monetary policy in the post-WWII United States, entitled "A World of Persistent Inflation," by Stephen R. Cunningham and Polina Vlasenko. While somewhat long and involved, it provides an excellent discussion of an absolutely...
Friday, November 30, 2012
"Cornucopians" and "neo-Malthusians"
In our previous post (on Thanksgiving), we noted the prevalent symbol of the cornucopia, closely associated with that holiday.
It is an appropriate symbol, for in spite of all the problems in the world today, we can all admit that there is much to be thankful for, and that while unending goods...
Thursday, November 22, 2012
Happy Thanksgiving, 2012!
As this previous post points out, we recently celebrated the fifth anniversary of this blog, which means that as Thanksgiving approaches for 2012 we already have five previous Thanksgiving posts to look back on from prior years. You can re-visit them yourself by following these links:
2011
2010
2009
2008
2007...
Wednesday, November 14, 2012
Missing from the discussion of the fiscal cliff: GROWTH!
Here's a video clip of Gerry Frigon speaking on television yesterday, November 13, 2012 about the "fiscal cliff" and the larger issue of economic growth.
Yesterday we wrote that the hype about the fiscal cliff should spur lawmakers on both sides of the issue to tackle some real and fundamental tax reform, doing away with the rat's nest...
Tuesday, November 13, 2012
How to fix the fiscal cliff: let go of the sacred cows!
Now that election week is behind us, Wall Street and markets around the world are focusing on the looming US "fiscal cliff," which is dominating the talk in the financial media and which is in fact a very significant topic.
In case you are still a little hazy over the exact size and shape of the fiscal cliff...
Friday, November 09, 2012
Fifth anniversary of this blog!
It's hard to believe, but it was five years ago today that we started the Taylor Frigon Advisor as a way to have a conversation about the classic "Growth Stock Theory of Investment" and the principles and convictions that guide our investment management process, as well as to discuss some of the current events of the...
Wednesday, November 07, 2012
US election, 2012
The voters in the US have spoken, and investors are weighing the outcomes and asking themselves what the future may hold.
We believe that the likelihood for continued growth in government is high -- something that we have previously stated has characterized the past three presidential terms (two under George...
Thursday, November 01, 2012
Latest Taylor Frigon "Investment Climate" Commentary
Here is a link to the latest Investment Climate commentary from Taylor Frigon Capital Management, which we send out to our clients each quarter.
As always, we emphasize the importance of taking a longer view amidst all the turmoil of the varying economic and political events that are taking place...
Monday, September 17, 2012
Growing the economy, part two: Fix the bad fiscal policy
Above is the full video of the press conference held by Fed Chairman Ben Bernanke held last week -- Thursday, September 13, 2012 -- as he announced yet another in a long line of "unprecedented levels of policy accommodation in recent years" (0:01:46).
In our previous post, entitled "Growing the economy, part one: Get off of a 'War Footing'...
Tuesday, September 04, 2012
Growing the economy, part one: Get off of a "War Footing" with monetary policy
As investors return from a three-day Labor Day weekend in the US, much of the talk in the financial media centers around the activity of the central banks, particularly the European Central Bank and the US Federal Reserve.
Many interpret Fed Chairman Ben Bernanke's comments at Jackson Hole last week as indicating...
Tuesday, August 21, 2012
Have you heard of this (boring) company? APH
From time to time, we publish a brief highlight of a company that we own on behalf of our investors, in order to provide an example of the investment philosophy that we practice and that we try to explain to the world in the pages of this blog. In the past, some of the companies highlighted have included:
EZchip Semiconductor...
Wednesday, August 08, 2012
Who is right, Bill Gross or Jeremy Siegel? Answer: George Gilder
Recently, the venerable bond-house money manager Bill Gross of PIMCO published his August Investment Outlook beginning with the attention-grabbing opening sentence: "The cult of equity is dying."
Headlines
in the financial media immediately began to proclaim that Bill Gross
was ringing the famous "Death of Equities"...
Tuesday, July 31, 2012
Milton Friedman
Today is the 100th anniversary of Milton Friedman's birth, born on July 31, 1912. He was a true champion of human economic freedom, and one of the clearest voices on behalf of the individual's right to choose that the world has ever known.
We have written many times in the past about the importance of Milt Friedman and his arguments for...
Tuesday, July 17, 2012
Roger McNamee on "time horizons"
Here's a thought-provoking video of venture and private equity investor Roger McNamee being interviewed a few months ago and discussing some of the things that he looks for in an investment.
As interviewer Emily Chang brings up beginning at 10:15 in the video, Mr. McNamee is a very focused investor -- his first fund at Elevation Partners...
