Tesla Reports Huge Earnings; Score One for America and Capitalism

Huge earnings from Tesla: Tesla reported adjusted earnings of $0.11 a share, beating Bloomberg’s consensus for earnings of $0.04 a share and loss of $0.26 a year ago. Revenue came in at $857.5 million, versus a consensus estimate for $813 million. Of course, the libs…

Enjoy the Decline? No thanks

Not much going on in this glacial news cycle. Just the usual blah blah blah about Iraq and Putin, like ambient noise of the air conditioner. The gloomers like Aaron Clarey say that America will enter a major decline due to too much debt and…

Out of Wedlock Births: Not Exclusively a Black Problem

If you go on most conservative sites, the decay of the ‘family structure’ in America tends to be presented as a predominantly African American and Hispanic problem, and this is true, but it may come as a surprise to some that outside of America, in…

Today’s Example of Bad Journalism

America’s Poorest Shoppers Are Putting Discount Stores Out Of Business Sensationalism at its worst and yet another example of liberals, such as the author of the article, wanting to see successful businesses fail or the predicting failure of successful business. Same goes for liberals freaking…

Verbal Harder Than Math?

Steve Sailor and and Steve Hsu have new posts about education and IQ. Hsu’s post mentions that the infamous Terman IQ Study excluded Nobel laureates Shockley and Alvarez, possibly because highly verbal loaded test hurt their score, causing them to narrowly miss the cut-off. iSteve,…

High Sharpe Portfolios

I’m taking my own advice to stop reading the news, but unfortunately that means less to blog about. Anyway, last Friday I discussed low volatility “Madoff’ portfolios. One of the most important statistics to keep in mind when constructing a portfolio is the Sharpe Ratio,…

Most Americans Poorer Than Before Recession

Cannot tell if this is good news or not, but, in 2013 dollars, the wealth of middle class is below where it was before the recession: The Typical Household, Now Worth a Third Less: The inflation-adjusted net worth for the typical household was $87,992 in…

Constructing a ‘Madoff’ Portfolio

As a diversion from the usual politics, using a linear combination of ETFs I was able to construct a ‘Madoff-like’ portfolio, without the whole fraud aspect to it. Here’s what it looks like versus the S&P 500: As a rule, I only used liquid, long-only…

The Good News: Washington Is Giving Up on Everything

Washington Is Giving Up on Everything A can’t-do spirit is settling over Congress and President Obama, writes a leading political handicapper. I, for one, applaud the do-nothing congress for not doing too much. Let Wall St. self-regulate. The private sector, with the help of the…