Today Is "Bridge Day"

The Telephone, Political Entrepreneurship, And Theodore M. Vail Authored by Joshua Mawhorter via Mises Institute, Originally, this article was intended to be an exploration as to how-after a period of initial patent monopoly and an all-too-brief episode of freer market competition-cronyism reestablished a telephone monopoly that would last for decades. While such an article is worthwhile and hopefully forthcoming, I was struck by the influence of one man's leadership strategy as president of AT&T/the Bell System and how open he was about limiting competition in his industry, inviting regulation, and seeking...

Why Retail Traders Consistently Underperform Over Time Authored by Lance Roberts via RealInvestmentAdvice.com, Decades of data across global markets reach the same verdict: the more frequently retail traders trade, the worse they perform. The infrastructure has never been more inviting. The losses have never been more documented. Here are some key statistics we will dive into further. Retail traders have never had it so easy. Zero commission platforms, options on your phone, social media feeds full of “10 bagger” tips, and a Reddit thread for every stock in the S&P 500. The infrastructure for...

President Donald Trump said an Apache helicopter was shot down by Iran. He claimed that the crew members survived but that he would attack Iran in response.  “I have just been informed by our Great Military that last night the Iranians shot down one of our highly sophisticated Apache Helicopters while patrolling over the Strait […]