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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label profits. Show all posts

Thursday, March 05, 2015

The Natural Limits of Profit Growth: Berkshire Hathaway Edition

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A year back , I explained that profit growth are constrained by natural economic forces: in particular, the law of compounding, competition...

Wednesday, December 03, 2014

Infographics: The Myth of the Successful Money Manager

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Reversion to the mean , the knowledge problem and the natural limits to profits applies to fund management, even to Warren Buffett's f...

Thursday, September 18, 2014

How Abenomics' Yen Devaluation Destroys Corporate Profits

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At the start of the year I noted that Abenomics’ inflationism via the yen devaluation will eventually take a bite out of Japan’s corporate...

Thursday, May 22, 2014

Quote of the Day: ROIC and the growth rate of corporate profits

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The extraordinary thing is that Piketty’s analysis is based on a massive logical error. His thesis runs as follows: if R is the rate of re...

Monday, March 10, 2014

Phisix: The Stock Market Mania Deepens

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[note I am having difficulties in the posting of this blog for unknown technical reasons on my windows writer. So I used direct posting...

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