Pushing the River

Pushing the River

Recently, a close friend told me she felt like she was trying to push the river. It was the first and only time I can recall anyone using the term, and it has stuck with me since. It comes to mind when I hear people talk about protectionist policies intended to stem...
What Goes Down

What Goes Down

There are two major economic trends that have been unfolding for almost forty years now, and both are nearing a turning point. Interest rates and tax rates have been declining since the early 1980s and both must go up at some point. I’ve been telling our clients that...
Work Smarter, Not Harder

Work Smarter, Not Harder

I met with a personal trainer this morning who told me I need to work smarter, not harder. I’d been doing hour-long weight lifting and aerobic workouts five days a week, which poses greater injury risk and, potentially, long-term heart damage. He told me I could...