Kelly wrote this in a little 1930 book titled Why You Win or Lose: the Psychology of Speculation. We’ll see what Kelly meant below.
December 23rd, 2009 | Chris Mayer | 2 comments | ContinuedArchive for Chris Mayer
Chris Mayer is a veteran of the banking industry, specifically in the area of corporate lending. A financial writer since 1998, Mr. Mayer's essays have appeared in a wide variety of publications, from the Mises.org Daily Article series to here in The Daily Reckoning. He is the editor of Mayer's Special Situations and Capital and Crisis - formerly the Fleet Street Letter.
The Economy is Like a Complex Ecosystem
You cannot alter one piece of it without causing effects elsewhere in the system. Investors who understand this reality can also understand (and avoid) the hazards of over-confident investing.
December 15th, 2009 | Chris Mayer | 1 comment | Continued
Mosaic Co. Offers a Very Compelling Investment Profile
Mosaic is the leading producer of phosphate fertilizer and the No. 2 producer of potash. The company, which operates primarily in Canada and the US…
December 9th, 2009 | Chris Mayer | 4 comments | Continued
UN Notes Food Production Must Increase by 70% by 2050
Almost all of this growth will occur in the emerging markets like China and India. And their populations will all be doing one thing, for sure – eating.
December 8th, 2009 | Chris Mayer | 3 comments | Continued
Whiff of Economic Recovery Sends Prices of Industrial Metals Soaring
“During the next few decades,” he says, “we will encounter serious problems mining many important metal minerals at the desired extraction rates. Amongst them are all precious metals…
November 25th, 2009 | Chris Mayer | 0 comments | Continued
Best Investment Opportunities Emerge from Water, Agriculture, Gold and Energy
And some of those opportunities will feature a combination of these resource categories. One of the most intriguing combinations is what I call the energy-water nexus.
November 17th, 2009 | Chris Mayer | 0 comments | Continued
Gold: The Ultimate Unlevered Hard Asset
In fact, something important is happening in the gold markets right now. All through the 1990s to the present day, the world’s central banks were net sellers of gold.
November 13th, 2009 | Chris Mayer | 12 comments | Continued
New York Will No Longer be Among World’s Five Largest Cities
There are some big changes afoot in the world’s cities. These changes will create enormous opportunities for investors that a previous generation could barely imagine.
November 10th, 2009 | Chris Mayer | 1 comment | Continued
Mortgage Crisis: Shark With an Appetite
It shows you that we are past the viscous subprime crisis, when that shark chewed through the balance sheets of a number of banks and financial institutions, in some cases devouring them whole.
November 6th, 2009 | Chris Mayer | 10 comments | Continued
Tesco is a Buy
Tesco designs, makes, sells, rents and services top drives. A top drive is a motor that sits on top of rig and spins the drill. I don’t want to get too geeked up in the technical aspects of this…
November 4th, 2009 | Chris Mayer | 1 comment | Continued