Reality

Just 3 Things: Stocks "Are Not Magical Lottery Tickets"

"It’s not just volatility; it’s valuation. Instead of magical lottery tickets that automatically and necessarily reward those who wait, stocks are ownership units of businesses. That’s banal, I know, but everyone seems to forget it. And it means equity returns depend on how much you pay for their future profits, not on how much price volatility you can endure."

US Government Caught Massively Fabricating Student Loan Default Data

Many more students have defaulted on their college loans than the U.S. government previously revealed. This stunning admission came last Friday, when the Education Department released a memo revealing that it had overstated student loan repayment rates at most colleges and trade schools. The explanation? the problem resulted from a "technical programming error."

What Can Americans Learn from Chinese Government Propaganda?

We live in a world like no other in human history. We’re mercilessly bombarded by intense and sophisticated propaganda virtually 24/7, whether it be from government officials, media outlets or multi-national corporations with endless budgets. The barrage is relentless, and unless you feel like ditching it all and moving into a cave, pretty much inescapable. For those of us dedicated to living on the outside, the only offense is a good defense, and a good defense requires understanding.