Chalk Talk: April 2016

“Gold gets dug out of the ground in Africa, or someplace.  Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it.  It has no utility.  Anyone watching from Mars would be scratching their head.” – Warren Buffett Take a look at this chart that was produced […]
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Chalk Talk: March 2016

“An investment in knowledge pays the best interest.” – Benjamin Franklin I just read an article reporting the fact that in 2015, the largest 600 or so U.S. banks generated $11.6 billion in overdraft fees, which amounted to 8% of their total profit in the consumer deposit business! This is a fairly large transfer of […]
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Chalk Talk: January 2016

“When humans estimate the likelihood or frequency of an event, we make that judgement based not on how often the event has actually occurred, but on how vivid the past examples are.” – Benjamin Graham As 2016 kicks off, no doubt you have been barraged with the big headlines, highlighting a 6% first week decline […]
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