I am surprised by how often I hear someone declare that a certain type of investment is "good" or another is "bad": "Investing in Manhattan real estate is always good," "Investing where a city is growing is a good idea," "Invest in companies with good cash flow," or "Don't invest in a property with a trailer on it: the value of the trailer declines every year."
What all of these dictums ignore is price! Buying a lot with a trailer on it can be a great investment, if the low price more than accounts for the future decline in the trailer's value. Investing in a growing area of a city can be a terrible investment, if the area has become trendy and prices have risen enough to account for all of that future growth and more.
Any type of investment can be good at one price, and bad at another.
“The advancement of science and the rationality of politics are interwoven in a social process that, in the perspective of a more distant f...
Declares LewRockwell.com : "All of this means that while the government has been artificially propping up the economy and 'stimu...
Is shaping up nicely .
The language won't die, but that doesn't mean the programmers won't ! Funny quote: '"Just because a language is 50...